July 2025 GTA Real Estate Market Report

A Summer Shift in Motion

As we head deeper into summer, the Greater Toronto Area real estate market is showing clear signs of shifting toward balance. The latest data from the Toronto Regional Real Estate Board (TRREB) paints a picture of a market where buyers are gaining more opportunity—and leverage.

🏡 Inventory Up, Prices Down: What That Means for You

While total sales for July came in at 6,243 transactions, that’s a 2.4% dip year-over-year. However, new listings rose by 7.7%, and active listings jumped 30.8%, pushing overall inventory to 5.06 months of supply—a level we haven’t seen in a while. This increase in options is creating a more competitive landscape for sellers and welcome breathing room for buyers.

💰 Prices Adjust, Negotiating Power Shifts

The average selling price across the GTA fell to $1,101,691, a 5.4% decrease from the same time last year. Homes are now selling for 98% of their listing price, and taking an average of 26 days on market to sell. For buyers, this means more negotiation power, and potentially better deals—especially for those ready to act.

🏘️ What’s Selling—and for How Much

Detached homes continue to dominate the market, accounting for nearly half of all sales (48.2%), followed by condos (24.2%), semi-detached homes (9.6%), and townhomes (9.1%).

Here’s how average prices are performing by property type:

• Detached: $1,392,033 (-6.0% YoY)

• Semi-Detached: $1,089,751 (-1.0% YoY)

• Townhomes: $871,652 (-6.3% YoY)

• Condos: $696,424 (-4.4% YoY, but +1.9% MoM ⬆️)

Interestingly, condos were the only property type to see a month-over-month price increase, suggesting renewed interest in more affordable urban living.

🔍 What’s Driving Buyer Decisions Right Now

While global economic uncertainty is keeping some buyers on the sidelines, others are jumping in to take advantage of softer pricing, lower borrowing costs, and a wider selection of homes, a rare mix we haven’t seen in quite some time.

💬 What This Means for You

Whether you're buying your first home, upsizing, or considering selling, this summer offers unique conditions that could work in your favour. Navigating this market takes experience, strategy, and insight, something I bring to every client relationship.

📞 Let’s talk about your goals and how to make the most of today’s market.

Michael Kelly
🏡 Realtor | Sutton Group Realty Systems
📱 647-408-5226
🌐 michaelkellyhomes.com