GTA Homebuyers Gain More Choices as Prices Stabilize

GTA home sales in September dropped by 9% to 5,040, while new listings fell 14.4%, improving the sales-to-new-listings ratio despite declining sales. Average prices decreased 5.1% year over year, with the benchmark index down 4.7%. Active listings fell 9.3%, maintaining about 5.2 months of inventory. Average days on market rose slightly, and regional inventory varied, with Durham lowest at 3.5 months. Pricing should consider current competition and recent sales.