May 2025 Real Estate Market Update

What Can Sellers Expect Right Now?

Sellers can expect a more competitive market with increased inventory and fewer sales compared to last year. The average selling price is down 4% year-over-year, which means pricing your home strategically is more important than ever. While sales have seen slight month-over-month improvement, buyers now have more options, so homes need to stand out. Confidence in the market is still growing, and sellers should work with a knowledgeable Realtor to navigate local market dynamics.

What Can Buyers Expect Right Now?

Buyers can expect improved affordability and more choices across the GTA. With home sales down and listings up, particularly in the condo sector (which now has over seven months of inventory), it's a good time for first-time buyers and investors to explore the market. Lower home prices and borrowing costs compared to last year provide additional incentives to act now—especially in neighbourhoods where value and opportunity are aligning.

If you’ve been thinking about real estate whether you’re planning to buy or sell, have questions about the market, or want to know what your home is worth—I’m here to help. Lately, many people have been asking about the changes in the market and how it may affect them. If you’d like to learn more about what’s happening in your area, you can book a time that works for you here: calendly.com/meetquynhtran