The final month of 2025 saw the addition of 1,950 new listings—fewer than the previous month, yet higher than the same period last year. Properties spent an average of 64 days on the market before selling. The average sale price came in at $986,542, representing a 4.57% year-over-year decline.
Below is a breakdown of average sold prices by key housing category, along with year-over-year (YoY) changes in both prices and sales. Figures in parentheses reflect November data for month-over-month (MoM) comparison:
Detached Homes
Average Price: $1,498,079 ($1,545,941) — down 4.5% YoY (down 9% MoM)
Sales: up 10.4% YoY (up 11.4% MoM)
Semi-Detached Homes
Average Price: $1,122,309 ($1,187,111) — down 12.2% YoY (down 4.8% MoM)
Sales: down 10.9% YoY (down 1.5% MoM)
Townhomes
Average Price: $976,161 ($870,793) — up 5.4% YoY (up 3.7% MoM)
Sales: down 22.1% YoY (down 1% MoM)
Condominiums
Average Price: $663,227 ($701,259) — down 7.2% YoY (down 1.7% MoM)
Sales: down 6% YoY (down 21.8% MoM)
Sales declined across all housing types except detached homes, with townhomes experiencing the steepest drop at over 20%. Similarly, average sale prices fell across all categories except townhomes, which posted gains on both a year-over-year and month-over-month basis. On an annual basis, the past year posted the slowest sales activity since roughly 2000.
Persistently high inventory levels, lower interest rates, and demand dampened by economic uncertainty continue to weigh on sales activity and pricing. On the positive side, these conditions are opening opportunities for a broader pool of first-time buyers, single purchasers, and investors—particularly in the condominium market. While detached and semi-detached homes remain out of reach for many, more affordable options at the lower end of the market are emerging for buyers looking to move up or upsize after previously being priced out.
This combination of improved affordability and ample supply is expected to carry into the new year. Buyers retain negotiating power, while sellers must price strategically and ahead of the market. We are closely watching upcoming government measures aimed at addressing unemployment, strengthening trade stability, improving job security, and lowering the cost of living—steps that could ultimately restore buyer confidence and stimulate demand.
If you have any questions or would like to discuss in more detail, please feel free to reach out. We’re always happy to help.