06/05/2026
📈 GTA Real Estate Market Update | May 2026 🏡
The Greater Toronto Area housing market continued to show signs of resilience and growing momentum in May, with sales activity increasing and inventory levels providing buyers with more options than we’ve seen in recent years.
🔹 6,583 homes sold in May, up from 5,946 in April (+10.71%)
🔹 Average home price: $1,069,700, a modest increase of 1.69% month-over-month
🔹 New listings: 17,698 (+3.52%)
🔹 Active listings: 26,927 (+7.24%)
🔹 Months of inventory: 4.8, indicating a more balanced market environment
⏱️ Homes are also selling faster:
✔️ LDOM (Listing Days on Market): 27 days (down 6.9%)
✔️ PDOM (Property Days on Market): 42 days (down 2.33%)
🏠 Property Type Breakdown
🔸 Detached Homes
• Average Price: $1,358,131
• 3,236 units sold
• Price change: -1.06%
🔸 Semi-Detached Homes
• Average Price: $1,067,672
• 608 units sold
• Price change: +3.31%
🔸 Townhomes
• Average Price: $840,608
• 1,114 units sold
• Price change: +0.14%
🔸 Condominiums
• Average Price: $639,468
• 1,535 units sold
• Price change: +0.60%
📊 What does this mean?
With inventory continuing to rise and prices remaining relatively stable, buyers have more negotiating power and a wider selection of properties. At the same time, strong sales growth and shorter market times indicate that well-priced homes are still attracting serious interest. Whether you’re considering buying, selling, or investing, understanding these market trends is key to making informed real estate decisions.
📩 Curious about what these numbers mean for your neighbourhood or your home’s value? Send me a message for a personalized market analysis.
RealEstateUpdate
