08/07/2025
The Greater Toronto Area (GTA) experienced the best home sales result for the month of July since 2021. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year.
TRREB market statistics reported 6,100 home sales in the GTA during the month, 10.9% increase compared to the same period in 2024.
The average selling price in the GTA decrease 5.5% to $1.05 million, compared to June of this year, prices have remained relatively stable. The days on market is 30, which is 4 day more than in June of this year.
The number of newly listed homes during the month was 17,613, resulting in a sales-to-new listings ratio of a buyer-favored 34.6%.
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