📉 Sales Down, Prices Down -7.2%. Toronto Fall Market Update | Award winning real estate agent Toronto

 Sales Down, Prices Down -7.2%

Buyer Leverage Just Got Stronger

GTA MARKET SNAPSHOT

 A Market That Favours Buyers: For years, a “hot market” meant sellers winning and buyers stretching themselves thin in bidding wars. But today's market is a hot buyer’s market where buyers have breathing room, negotiation power, and the ability to include conditions again. The market is still active, but the leverage has changed hands.

 Sales Slower Than Usual: October property sales were down -9.5% year-over-year, with buyers taking more time to compare options.

 Prices Trending Down: Average property prices declined by -7.2% compared to last October, creating more affordable entry points for first-time and move-up buyers.

 Inventory Growing: Active listings increased by +17.2%, giving buyers more options and increasing competition among sellers.

 Firmly in Buyer's Market Territory: With 4.7 months of inventory on the market, conditions continue to favour buyers when it comes to negotiations, offer strategy, and timing.

WHAT THIS MEANS FOR BUYERS

 This is a unique window of opportunity: prices are softer, and inventory is high. Buyers can take their time, include conditions again, and negotiate with confidence. Whether entering the market for the first time or looking for an investment property, this is a valuable chance to secure a home with less pressure than we’ve seen in years—and at some of the most competitive interest rates in recent years

WHAT THIS MEANS FOR SELLERS

 Even in a buyer’s market, a successful sale is still achievable with the right strategy. Properties that are professionally staged and marketed have a significantly higher chance of selling — but success today requires more than presentation alone. Partnering with an experienced real estate team ensures your property is priced correctly, showcased effectively, and positioned to attract the right buyers, especially in challenging segments like assignments and condo sales

 OUTLOOK

Many buyers remain cautious due to economic uncertainty, including job stability, inflation, and the broader market. Those who feel confident in their long-term financial situation are benefiting from softer prices, higher inventory, and competitive interest rates, making this fall and winter a valuable window to secure a property before conditions shift once again.

Whether you’re ready to buy or thinking of selling, the current market presents opportunities you don’t want to miss. Contact Karen's team today for a personalized strategy to help you achieve your real estate goals—whether it’s finding your dream home or getting top value for your property.