#MarketSnapshot
🏡 GTA Housing Market Update – June 2025 📉💰
Homeownership just got a little more affordable.
✅ Average home prices down 5.4% YoY
✅ Borrowing costs lower than last year
✅ More listings = more choice for buyers
✅ Sales up month-over-month 📈
But despite this progress, economic uncertainty is keeping some buyers on the sidelines. With lower prices and more negotiating power, now might be the right time to make your move.
🔹 6,243 homes sold -down 2.4% vs. June 2024
🔹 19,839 new listings -up 7.7% year-over-year
🔹 $1,101,691 average selling price – down 5.4% YoY
🔹 5.5% drop in MLS® HPI Composite benchmark
TRREB remains hopeful: With improved economic conditions and a focus on public safety, housing momentum could continue through 2025.
FHK #FHKExperience #GTAHousing #RealEstateUpdate #TorontoRealEstate #TRREB #HomeAffordability #MarketRecovery #MortgageRates
