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February 2025 showed us a market with abundant choice. While sales activity remained quiet as buyers held out for lower rates, inventory levels climbed significantly, giving those who were ready to transact substantial negotiating power.
📊 The Big Picture: GTA Market Stats
- Average Sold Price: $1,065,391 (Year-Over-Year: Down 4.2%)
- Total Sales: 4,736 (Year-Over-Year: Down 15.5%)
- New Listings: 12,989 (Year-Over-Year: Up 14.2%)
- Days on Market (LRL): 35 Days (Compared to 25 days last year)
🔍 Key Market Trends
1. The Inventory Advantage This is the story of the month: New listings are up 14.2% year-over-year, while sales are down 15.5%. This gap means inventory is accumulating, providing buyers with “substantial choice.” You aren’t just buying a house; you are buying the right house without the pressure to settle.
2. Price Correction Continues The average selling price dipped by 4.2% compared to last February. When you combine this price relief with the fact that borrowing costs are trending lower than the peaks of 2024, affordability is quietly improving for those paying attention.
3. Patience Pays Off Homes are taking longer to sell (35 days on average, up from 25). This slower pace allows buyers to conduct thorough due diligence—home inspections and financing reviews—which were often skipped during the frantic markets of the past.
📝 The Bottom Line
- For Buyers: The market is “on sale” in terms of selection and price. With inventory up 14% and prices down 4%, you have excellent leverage to negotiate a great deal.
- For Sellers: You are competing in a crowded market. With listings up and sales down, your property needs to shine. Staging and strategic pricing are non-negotiable if you want to sell in under 35 days.
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