Over the past 12 months, North-York has seen noticeable price fluctuations. While long‐term indicators such as the HPI benchmark (with a 5-year increase of 30% and 10-year increase of 78%) underscore strong historical growth, the most recent data reveal an 8–9% year-over-year decline when comparing January 2025’s average sold price of approximately $913K to January 2024’s nearly $998K. This short-term price adjustment suggests that while underlying value remains robust, immediate market conditions are pricing in some softness—an important consideration when positioning properties for sale or advising buyers on realistic expectations in a fluctuating market climate.

Recent activity also highlights dynamic shifts in supply and demand. Fluctuations in the monthly number of sales combined with variations in new and active listings underscore the competitive yet slowing market; for example, January 2025 showed a relatively low Sales-to-New Listing Ratio (SNLR) of 31.8 and an increase in Days on Market (DOM) to 43 days, in contrast with earlier periods that featured more competitive sales conditions. These factors, along with the current months of inventory around 4.9, signal that buyers have more choices while sellers may need to adopt more flexible pricing strategies. Real estate agents can leverage these actionable insights by advising clients to calibrate expectations, actively monitor inventory levels, and adjust listing strategies to stay competitive amid these evolving market conditions.

Read the full article on: Toronto Regional Real Estate Board