MAY 2025 UPDATE: THE GTA & DURHAM REGION REAL ESTATE MARKET
Posted by Dan Plowman on
May delivered improved affordability across the GTA, giving buyers more opportunity and leverage. Sales rose month-over-month but remained lower than this time last year, reflecting a market still tempered by economic uncertainty. Inventory continues to build, creating more choice for buyers and encouraging measured optimism among sellers.
GTA Market Insights
GTA REALTORS® reported 6,244 home sales in May 2025, a 13.3% decline from May 2024. However, inventory surged with 21,819 new listings—up 14% year-over-year. The average selling price in the GTA was $1,120,879, down 4% annually, while the MLS® HPI benchmark dipped 4.5%.
Despite the year-over-year slowdown, sales increased for the second month in a row, indicating that some buyers are stepping…
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