Real Estate Market Update | May 2025

Average sale prices have edged slightly higher in most GTA markets this May. York and Peel Regions saw the largest price growth month-to-month, with Durham Region experiencing a minimal decline in average prices. However, compared to May of last year, prices are down 4% on average throughout all GTA markets. 

A slight tightening of market conditions took place this May. The amount of GTA home sales continue to increase, with May being the second monthly increase in a row. New listings also continue to climb, but at a lower monthly rate compared to sales - meaning less available inventory now compared to prior months.

It is important to note that each market segment and local neighbourhood are experiencing differing market conditions. Depending on home type, price point, location, and more, there are distinct differences to the pace of each segment. Now more than ever, working with a knowledgeable Realtor is imperative in navigating the real estate process with confidence.

Overall, home sales are still down compared to last year, and new listings are up considerably as well. While the scale may be starting to tip the other way, buyers still have clear advantages.

I am always available to offer my professional advice and guidance for your real estate journey.  

To see how prices have been affected in your area, please click the link below to get access to TRREB's May Market Statistics for all areas in the GTA. The stats are broken down by average sales price, number of homes sold, number of new listings, and average days on market for each property type; detached, semi-detached, townhouses, and condos.

https://trreb.ca/wp-content/files/market-stats/market-watch/mw2505.pdf

If you want to know more about what is happening in your specific area, you can book a call with me by clicking the link below.

https://calendly.com/davidrizzuto/consultation-call?month=2025-06