10/09/2026
🍁Is it me or does it feel like someone found the “Fall” switch and turned it on last week? 🍁We may actually get a full season between Summer and Winter this year, and I, for one, am loving it! Sunny days, chilly nights, changing leaves and we aren’t even at Thanksgiving yet . Is the real estate market embracing Fall? Let’s look at the numbers.
🍁There are 4147 free-hold homes listed in the C, E and W districts of our MLS, down ever so slightly from the week before, even with relatively equal numbers of new listings hitting the market over the last seven days. (731 last week to 752 the week before) The number of sales is up for the 4th week in a row, with 217 homes selling last week. Competition was high overall, with 43% of those sales at or above list price. More than half (54%) of homes selling under $1 million went in competition. Just below half (45%) of homes selling between $1-2 million saw the same fate. Almost one-third (27%) of homes selling above the $3 million mark also sold over asking. The only price point with less competing was between $2-3 million last week. If you went low or high, you were in for a fight.
Condo listing inventory also had a slight drop week over week, with 6517 units listed for sale in the C, E and W districts of TRREB, and 859 of those in the last seven days. Sales were flat, with 166 units changing hands over the week, and only 17% of those at or above list price.
Condos are sitting at a 9 month supply of inventory, and free-hold homes are still only at a 4 month supply. Condos for lease (4505) are at only a 2 month supply, with 632 units leased last week. This represents an excellent opportunity for people wanting to buy at a low part of the market cycle, rent quickly, and hold for a long time, getting both cash-flow and long-term market value improvement as that cycle shifts back to balanced over time.
Happy Thanksgiving!🦃
