Toronto Real Estate Market September 2025

Seventy Seven Park
Sep 9, 2025
2 min read

Updated: Sep 12, 2025

Toronto real estate market September 2025 prices and sales

How are home prices moving in Toronto right now? Is it a good time to buy or sell? What do elevated listings mean for fall market conditions?

These are the questions we hear most often, and the latest market data from August 2025 offers some clear answers.

Sales and Listings: Buyers Take the Lead

In August 2025, 5,211 homes sold across the GTA, up 2.3% compared to last year. But compared to July, sales were down sharply, showing that momentum is slowing as summer wraps up.

At the same time, new listings climbed 9.4% year-over-year to 14,038, while total active listings reached 27,495. That’s 21.4% higher than a year earlier, giving buyers more choice and more negotiating leverage.

The result: August’s sales-to-new-listings ratio was 37%, a clear sign of a buyer’s market.

Prices at Multi-Year Lows

The average selling price fell to $1,022,143, down 4.9% year-over-year and 2.8% compared to July. Detached homes saw the steepest drop, averaging $1.31M (down 7.2%). Condos also weakened, averaging $642,195 (down 4.8%).

The MLS HPI Benchmark Price hit $969,700, the lowest since February 2021. For context, this is nearly four years of gains erased.

How Long Are Homes Taking to Sell?

Properties are sitting on the market longer. In August, the average days on market was 49, up from 44 a year earlier. Homes also sold for 97% of the asking price, down from 99% last year. For sellers, this means sharper pricing and creative incentives are now essential.

City of Toronto Snapshot

Within the City of Toronto, the average price dropped 3.6% year-over-year to $992,085, while sales increased 3.6% to 1,779. Detached homes led the decline, but condos also struggled, with sales down 3.4%.

What Does This Mean for Fall 2025?

Buyers: You have more negotiating room, more listings to choose from, and lower average prices than in recent years. If you’ve been waiting, this market gives you options.

Sellers: Success depends on pricing competitively, presenting your home well, and working with an agent who can help position your property against elevated competition.

Key takeaway: The Toronto real estate market in September 2025 is firmly in buyer’s territory. Prices are soft, listings are high, and homes are taking longer to sell. Buyers have leverage, while sellers need strategy.