MAY 2025 UPDATE: THE GTA & DURHAM REGION REAL ESTATE MARKET

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 back into the market, taking advantage of more listings, better prices, and steady interest rates.

Durham Region Market Highlights
Durham continues to show balanced growth, with sales and listings both on the rise. Prices held relatively steady, and well-priced properties moved quickly, especially in Clarington and Whitby.

Key Metrics:

• Average Sale Price: $905,702 (↓ 0.85% from April)

• Days on Market: 18 (↓ from 19)

• Sales: 850 (↑ 10.53%)

• New Listings: 2,461 (↑ 15.27%)

Area Breakdown:

Oshawa

• Average Sale Price: $781,748 (↓ 1.86%)

• Sales: 216 (↑ 5.88%)

• New Listings: 612 (↑ 11.27%)

Whitby

• Average Sale Price: $962,053 (↑ 2.19%)

• Sales: 172 (↑ 16.22%)

• New Listings: 506 (↑ 25.56%)

Ajax

• Average Sale Price: $895,804 (↓ 5.27%)

• Sales: 123 (↑ 2.5%)

• New Listings: 300 (↑ 3.81%)

Pickering

• Average Sale Price: $991,759 (↓ 2.47%)

• Sales: 125 (↑ 7.76%)

• New Listings: 371 (↑ 5.10%)

Clarington

• Average Sale Price: $837,758 (↓ 2.11%)

• Sales: 145 (↑ 27.19%)

• New Listings: 432 (↑ 22.38%)

What’s Driving the Market?

• Greater Choice: Listings rose significantly, giving buyers more negotiating power.

• More Activity: Sales have now climbed for two consecutive months.

• Affordability Trends: Lower prices and steady rates are easing financial pressure.

• Cautious Confidence: Economic uncertainty and trade concerns are still holding back stronger momentum.

Looking Ahead

For Buyers:
You’re in a strong position. With rising inventory and stable rates, now is the time to act before competition ramps up this summer.

For Sellers:
Well-prepared, move-in-ready homes are still in demand—especially in high-traffic areas like Whitby and Clarington. Price strategically and expect increased buyer interest.

May 2025 continued the trend of a more balanced market in the GTA and Durham Region. As affordability improves and confidence builds, we expect further movement through the summer months.

Stats provided by TRREB & Independent Reporting Company RE Stats Inc. Information is deemed reliable but not guaranteed and may vary by 2.5%.