March 2025 Real Estate Market Update

🔍 What Can Sellers Expect Right Now?

If you're thinking about selling your home in the GTA, here’s what’s happening:

More Homes on the Market: There are a lot more homes for sale—28.6% more than last year. That means more competition.

Fewer Buyers: Sales are down 23.1% from last year, so you may not see as many offers.

Prices Are Softer: The average home price is down 2.5% compared to March 2024. Some homes may sit longer or sell for less than expected.

Buyers Are Pickier: With more options and more negotiating power, buyers are asking for better deals and conditions.

Good News? Interest rates are expected to drop soon. If that happens, more buyers could re-enter the market in spring—so listing now could give you a head start.

🔑 Tip for Sellers: Price your home competitively and make sure it looks its best. A well-prepared home can still stand out—even in a slower market.

🔍 What Can Buyers Expect Right Now?

If you’re looking to buy a home, this could be your moment:

Homes Are More Affordable: Prices have come down a bit, and borrowing costs are slightly lower than last year. That means your monthly payment could be easier to manage.

More Choices: There are way more listings on the market. That gives you time and options—no need to rush.

Less Competition: Fewer buyers are shopping right now, so you’re less likely to get into a bidding war.

More Negotiating Power: Sellers are more open to offers and conditions, like inspections or flexible closing dates.

Looking Ahead: Interest rates may drop again soon. If they do, more buyers will likely return—and competition could heat up.

🔑 Tip for Buyers: If you feel good about your job and finances, now’s a smart time to buy. You could get a better deal before the market picks up again.

Thinking about buying or selling in 2025? Contact us today to discuss your real estate goals and find the right opportunity for you!