March was a wake-up call. Sales dropped. Listings surged. And prices? They’re slipping just enough to raise eyebrows- and opportunities. If you’re buying or selling real estate in the Greater Toronto Area (GTA), here’s what you really need to know.

📊 5,011 Homes Sold- But That’s 23.1% Less Than Last March!

In March 2025, sales plummeted by 23.1% year-over-year, falling from 6,519 last year to just 5,011 this year.

What’s behind the drop? • Buyer hesitation due to elevated borrowing costs
• Lingering economic uncertainty
• More listings flooding the market, giving buyers time to shop around

Despite this cooldown in activity, new listings actually surged by 28.6%, reaching 17,263. Inventory is growing faster than demand, and that’s a powerful signal: the market is shifting in your favour if you’re buying.

💰 Average Prices Dipped- but Not Dramatically

The average selling price in March 2025 dropped to $1,093,254, compared to $1,120,984 last year, a 2.5% decline.

But don’t be fooled, this isn’t a crash. This is a soft correction.

In some communities like King, average prices remain sky-high at $2,284,878, while Georgina offers more budget-friendly options with prices around $848,130.

📍 Where Are Buyers Looking? Regional Breakdown Reveals the Truth

Here’s how the top GTA regions performed:

• City of Toronto: 4,822 homes sold | Avg. price: $1,067,480
• York Region: 2,212 homes sold | Avg. price: $1,226,843
• Peel Region: 2,216 homes sold | Avg. price: $1,033,865
• Durham Region: 1,709 homes sold | Avg. price: $903,088
• Simcoe County: 428 homes sold | Avg. price: $946,800

👉 Biggest shocker? Toronto Central saw over 2,300 sales but with the lowest median price at $755,000, a sign savvy buyers are already diving in.

⏱ Homes Are Sitting Longer, And That’s a Good Thing (For Buyers)

• Average Listing Days on Market (LDOM): 24 days (↑20%)
• Average Property Days on Market (PDOM): 25 days (↓13.8%)

That extra time means buyers can negotiate smarter, while sellers need to step up their marketing and staging game to get noticed.

🔍 What’s Really Happening? The Market’s Mood Explained

Here’s the big picture:

• Buyers are gaining ground with more inventory and flexible prices.
• Sellers must price strategically and offer standout value to close deals.
• Interest rates & inflation will steer what happens this spring.

📈 As the warm market season arrives, we may see buyer confidence return, but the window for deals is wide open right now.

💡 What This Means For You

✅ If You’re Buying:

• More options, more negotiating power
• Less competition and time to make the right move
• Prices that are softer, but may not stay that way long

✅ If You’re Selling:

• Time to nail your marketing strategy– professional photos, compelling descriptions, and strategic staging are a must
• Be realistic with pricing or risk sitting stale
• Consider buyer incentives like flexible closing or price reductions

🚨 Spring 2025 Forecast: 3 Things to Watch

1. Will interest rates drop? A lower rate could reignite buyer demand.
2. Will sales pick up? Spring often brings new momentum, but it’s not guaranteed.
3. Will inventory keep rising? More homes = more buyer choice and pricing pressure on sellers.

🎯 Final Takeaway: Are You Ready to Act?

Whether you’re looking to buy smart, sell fast, or invest wisely, March’s market data reveals one thing clearly: The GTA real estate landscape is changing, those who adapt will win.

📞 Talk to The Daryl King Team today for custom guidance, expert market insights, and strategies that work in today’s market.

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