June 2025 Real Estate Market Update

Inventory remained the headline story in June, with the month finishing with 31,603 active listings — an 86% jump above the 10-year average for the month.

Sales in the Greater Toronto Area remained relatively low, however, signs of stability are emerging. For the first time in six months, June did not record a double-digit year-over-year sales decline. In fact, sales realized a modest increase, something that hasn’t been seen since November. A total of 6,243 properties sold during the month, marking a 0.5% annual increase.

But despite the uptick in sales, the average home price dropped 1.7% on a monthly basis to $1,101,691.

Breaking down the individual market segments, detached homes saw a 2% monthly decrease in the average sales price, falling to $1,392,033. Inventory rose by 3% to 14,143 active listings, a level that sits 66% above the 10-year historical average for the month. Sales remained soft at 3,011 transactions, 29% below the 10-year June average.

Townhome values declined by 3%, with the average sales price settling at $965,792. Inventory remains elevated, with 2,419 properties listed for sale. Sales activity slowed, falling 13% from May to a total of 566 transactions.

Semi-detached properties had an average sales price of $1,089,751. Inventory surpassed 1,800 active listings for the first time. Sales remained well below historical norms, with 601 transactions in June, 34% lower than the 10-year average for the month.

Condos averaged $696,424 in June, as values moved closer to the $700,000 threshold, an achievement not seen over the past 11 months. Active listings remain at historic highs, with 10,501 properties on the market. This has created real value opportunities for buyers in this segment. Sales totalled 1,510 units, marking the sixth consecutive month of year-over-year declines.

With interest rates down from last summer and inventory offering broad choice across every property type, the market has shifted in favour of buyers who are facing some of the most favourable conditions seen in years. However, as economic uncertainty and ongoing tariff fluctuations have paused interest rate declines, many would-be homebuyers continue to remain on the sidelines. A firm trade deal with the United States accompanied by an end to cross-border sabre rattling would go a long way to alleviating a weakened economy and improving consumer confidence.

If you would like to know how the real estate market performed in your neighbourhood, contact Clare Tattersall at 647-625-3282 or clare@realtorontowest.com.