The latest numbers from the GTA real estate market paint an interesting picture for both buyers and sellers. In Late-Q3, we saw 5,040 home sales—a drop of about 9% compared to last year. What stands out more is that new listings declined even further, down 14% to 16,500. This shift tightened the sales-to-new-listings ratio slightly, now sitting at around 31%, up from 29%. But remember, this change isn’t due to a surge in demand; it’s simply fewer listings coming online.
Average selling prices and benchmark pricing both slipped by about 5% year-over-year, and active listings ended Late-Q3 at 26,100—also down 9%. Inventory remains steady at roughly 5.2 months of sales. Homes that sold averaged 34 days on market, but when you factor in relisting, the true exposure jumps to 51 days. This means a short visible timeline can underestimate how long a property actually takes to sell.
Interestingly, the GTA’s raw average price nudged up month-over-month to $1.01M, yet when adjusted, pricing has edged lower. With inventory levels steady, it’s more important than ever to conduct a thorough comparative market analysis. I specialize in evaluating the local market to help you price strategically—so you can make informed decisions whether you’re buying or selling. The numbers tell a story, but the right interpretation makes all the difference.
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