April 2025– GTA Housing Market News
Here is our quick market update! The GTA real estate market moved pretty much in line with seasonal trends in April, with a slight bump in sales over March. That said, things are still noticeably quieter compared to last year. Sales were down 23% year-over-year, with 5,601 homes sold across the region.
Looking at the year so far, sales from January through April total 18,551 — that’s also 23% lower than the same time in 2024. And it’s worth remembering that last year was already slower than usual when compared to the 20-year average. So far, 2025 is shaping up to be even more of a slow start. Buyers are clearly still sitting on the sidelines, waiting not just for lower interest rates, but also for more clarity around the overall economy.
On the flip side, listings are way up. Active listings jumped 54% compared to last year, and new listings in April alone were up 8.1%. This means buyers have a lot more choice, and that’s giving them the upper hand in negotiations.
With more inventory on the market, prices have edged down. The average selling price in April was $1,107,463 — down 4.1% year-over-year — and the broader price index also showed a 5.4% decline. Month over month, prices dipped slightly as well. While buyers are managing to get better deals on some properties, homes that are priced right and marketed well are still selling, sometimes quickly.
All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.
Milton Real Estate Market
The average price in Milton $1,049,129
Burlington Real Estate Market
The average price in Burlington $1,114,810
Oakville Real Estate Market
The average price in Oakville $1, 513, 732
Have questions about the market? Contact us today to learn more!
Previous Reports on GTA Housing Market News
