April 2025 Market Update

May 7, 2025
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April 2025 Market Update

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 #MarketSnapshot

GTA Real Estate Market Update – April 2025 🏡

Here’s what you need to know:

  • Sales Down YoY: 5,601 homes sold in April — a 23.3% drop vs. April 2024
  • More Listings: 18,836 new listings — up 8.1% year-over-year
  • Seasonal Uptick: Sales rose slightly from March, following the usual spring trend
  • Prices Slide:
     • MLS® HPI Composite benchmark down 5.4% YoY
     • Average selling price: $1,107,463 (down 4.1% YoY)
  • Buyer’s Market: More inventory = more choices = more negotiation power
  • Affordability: Lower prices + easing borrowing costs = improved affordability

💬 TRREB notes that buyers are watching economic signals and trade relations closely. Confidence could rise if the outlook improves.

#FHK #FHKExperience #TorontoRealEstate #GTAHousingMarket #TRREB #HomeSales #RealEstateUpdate

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