The TRREB Market Watch for September 2025 highlights a market in transition. While overall sales activity picked up compared to last year, a surge in new and active listings has given buyers more options. With inventory levels rising and homes staying longer on the market, average prices have slipped, signaling a more balanced environment across the Greater Toronto Area (GTA).
Year-over-Year Highlights
Here’s how September 2025 compared to September 2024:
Sales: 5,592 transactions (+8.5%)
New Listings: 19,260 (+3.9%)
Active Listings: 29,394 (+18.9%)
Average Price: $1,059,377 (-4.7%)
Takeaway: While sales are happening, listings are growing at a faster pace. Buyers now have increased choice and stronger negotiating power, while sellers face longer timelines and downward pressure on pricing.
Regional Market Breakdown
The TRREB Market Watch shows important differences across GTA regions:
City of Toronto: 2,063 sales | Avg. Price $1,089,918 | Median $850,000
York Region: 1,032 sales | Avg. Price $1,180,765 | Median $1,088,000
Peel Region: 996 sales | Avg. Price $959,313 | Median $881,250
Durham Region: 707 sales | Avg. Price $877,963 | Median $824,000
Simcoe County: 166 sales | Avg. Price $922,502 | Median $802,500
Markets to Watch
King Township: Highest average price at $1,766,475 with just 21 sales, reflecting its luxury segment.
Aurora: Strong performance at $1,183,116 average and $1,025,000 median, showing continued demand.
Richmond Hill: Average price at $1,324,741, with a median of $1,200,000, among the priciest in York Region.
Toronto Central: Average of $1,173,637 but a median of $757,900, highlighting a wide mix of properties and buyer opportunities.
What It Means for Buyers and Sellers
Buyers: With active listings up nearly 19%, selection is broader and negotiating leverage has improved. The dip in average prices is creating opportunities across both entry-level and mid-range markets.
Sellers: Rising inventory means more competition. Strategic pricing, staging, and professional marketing will be crucial to attract serious buyers.
Investors: York Region and Peel remain solid choices for long-term stability, while luxury-focused markets like King and Richmond Hill continue to command strong premiums.
Moving Forward
The September 2025 TRREB Market Watch confirms a more balanced GTA housing market. Sales are growing, but inventory is outpacing demand, giving buyers an edge. Sellers must adapt by being flexible on pricing and timelines, while investors can take advantage of a market that’s offering more choice than in previous years.
Thinking of Buying or Selling?
Now may be the right moment to take action. Whether you’re purchasing your first home, moving up, or downsizing, the TRREB Market Watch data shows that opportunity is in the air!
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