The real estate market continues to shift, and recent trends suggest some interesting opportunities for both buyers and sellers. With interest rates dropping and inventory levels rising, the landscape is evolving—here’s a closer look at the latest stats shaping the market:

Home Prices Holding Steady

The average home price has nudged up slightly to $1,047,025, reflecting ongoing demand and a stable market. While this isn’t a dramatic jump, it reinforces that buyers are still willing to invest in homeownership despite broader economic fluctuations.

Market Pace & Inventory Shifts

Homes are now spending an average of 41 days on the market before securing an offer. This longer timeframe compared to previous months suggests a more balanced market, where buyers have a bit more breathing room to make decisions.

The total number of homes listed for sale has skyrocketed by 63.1%, with Toronto’s listings climbing by 48.6%. More inventory means more options for buyers, which could help ease some of the competition we’ve seen in recent years.

Sales Activity

Last month, 346 homes were sold through the MLS. While this is a dip from previous months, it indicates that serious buyers are still out there, especially with lower interest rates making homeownership more accessible.

What Does This Mean for You?

With falling interest rates, an increase in inventory, and steady pricing, buyers who have been waiting on the sidelines may find now to be a prime time to enter the market. Sellers, on the other hand, may need to be more strategic with pricing and marketing to stand out in a more competitive landscape.

If you’re thinking about buying, selling, or just curious about how these trends affect your plans, let’s chat! Send me a DM, and let’s find the best path forward for your real estate goals.

Stay tuned for more updates, and keep an eye on the market—it’s shaping up to be an interesting season ahead! If you missed the predictions for 2025 from last month. You can see them here.