05/20/2025
📊 Weekly Market Update – May 19, 2025
💰 Average Price
• Consistent at ~$1.4M, unchanged from the previous week.
• We’re seeing nearly two months of price stability now.
⏳ Average Days on Market
• Still holding steady at ~21 days.
• Reflects a market with balanced buyer/seller engagement, no signs of overheating.
📈 Ask-to-Sell Ratio
• Ticked up slightly to 1.0156, up from 1.0132 last week.
• Suggests slight strengthening of seller position — some listings are achieving or slightly exceeding asking again.
✅ General Market Insight
• The GTA market continues to demonstrate remarkable stability, even as economic indicators show mixed signals (e.g., rising unemployment, easing inflation).
• The consistency in prices, DOM, and ask-to-sell ratios shows that the spring market is balanced and active, with no volatility spikes.
🏠 Advice for Buyers
• Still a good time to shop and negotiate: steady prices, good inventory, and slightly increased seller flexibility.
• If inflation does hit 1.6% as forecasted, the BoC could cut rates again by summer — lock in a pre-approval now for rate flexibility.
• Watch listings closely — those on the market 21+ days may be more open to negotiation.
🏡 Advice for Sellers
• Conditions are optimal right now — weather is good, rates are low, and buyer activity is stable.
• With ask-to-sell ratios trending slightly upward, well-prepared listings can still attract over-ask offers.
• Use this moment to list before any summer slowdowns or policy shift.
