The Market in a Minute! December 2025
Buyers Stay Cautious as 2025 Wraps Up
As 2025 nears its end, we hope the year offered you steady footing, and that 2026 brings a stronger, more active market for you and your clients. Here’s where last month's numbers landed.
After a year of mixed signals and shifting expectations, November didn’t deliver a late rally. GTA sales hit 5,010, down 15.8 percent year over year, while new listings totaled 11,134, a dip of about 4 percent. Supply stayed comfortable for buyers, and sellers faced more price sensitivity across most segments. Active listings reached 21,910, and the average selling price came in at $1,039,458, about 6.4 percent lower than last November. The MLS HPI Composite benchmark was down 5.8 percent year over year, reflecting the broader pullback.
Detached homes, especially in the 905, continued to hold value better than the rest of the market. Condos are still the softest segment, seeing an almost 20 percent drop in sales, and pricing pressure was most visible in downtown investor stock, where risk tolerance is thin and days on market keep stretching.
