Let’s not sugarcoat it—March was a mess.
It’s like the real estate market threw a party, sent out 17,263 invites (a 28.6% jump in listings), and only 5,011 people showed up. That’s a 23.1% drop in sales from last year. Not exactly RSVP goals.
The average selling price across the GTA? $1,093,254, down 2.5% from last March. It’s basically a buyers’ market, but most of them seem to be ghosting showings like it’s a bad Tinder date.
💥 Sales-to-New-Listings Ratio? Just 29%. That means for every 100 homes listed, only 29 sold. Yikes.
Here’s how prices are stacking up by property type:
- Detached: $1,439,268
- Semi-Detached: $1,111,791
- Townhomes: $908,169
- Condos: $682,019
Condos are still your “affordable” option—if you ignore maintenance fees and elevator small talk.
📉 Economic clouds are still looming, with global recession fears creeping in and uncertainty dominating headlines. But let’s get real—real estate is cyclical. And every dip comes with an opportunity… if you’re bold enough.
Buyers: Don’t wait for the “perfect” bottom. You’ll only know it passed once prices are back up. If you’re in it for the long haul, this could be your window.
Sellers: Patience is key. Strategy is everything. Price smart, stay flexible, and consider sweetening the deal (hello incentives 👋).
2025 is definitely no walk in the park—but hey, pressure creates diamonds.
