The real estate market this October showed some remarkable changes compared to the same time last year — and these shifts are opening new opportunities for both buyers and sellers.
This year, 6,807 homes were sold across the TRREB system, a significant jump from 3,940 sales in October 2024. This surge reflects improving buyer confidence as interest rates continue to stabilize and more families feel ready to re-enter the market.
We also saw more homeowners list their properties, with 16,090 new listings in October 2025, up from 12,418 in October 2024. With more inventory, buyers had better choices and negotiating room — but interestingly, homes still sold faster this year. The Months of Inventory dropped from 4.72 to 3.23, showing that despite more listings, properties are being absorbed more quickly.
Home prices also moved upward. The average home price increased from $1,125,928 in October 2024 to $1,362,207 in October 2025. This tells us that demand has strengthened and that buyers are willing to invest, especially in well-priced and well-presented homes. Of course, these are overall averages — luxury homes and condos selling in different volumes can shift the numbers month to month.
With more activity in the market, sellers who price their homes competitively are seeing stronger results and faster offers. Buyers, on the other hand, are finding more options compared to last year, making this a more balanced and promising environment for making a move.
As the market continues to evolve, having the right guidance is more important than ever. Whether you’re buying, selling, or simply exploring your options, a knowledgeable full-time realtor can help you navigate the shifts and make the best decisions for your goals.
If you’re considering entering the market or want an expert opinion on your home’s value, I’d be happy to help. Let’s talk and explore the opportunities available today.
Wishing you a wonderful November — and remember, I am never too busy for your referrals!