September Toronto Real Estate Market Stats: More Sales, More Listings, Still Chill.
It’s October 3 and 25 degrees outside. I’m writing this in shorts with an iced coffee in hand and no intention of putting on a sweater anytime soon.
This weather might be confusing, but at least one thing’s clear: fall real estate season has officially started. And in classic GTA fashion, it’s full of contradictions — sales are up, prices are down, buyers are cautious, but active. Add in a September rate cut (finally!) and more listings across every major region, and we’ve got a market that’s waking up… just not rushing.
Across the Greater Toronto Area, 5,592 homes sold in September, up 8.5% year-over-year, while the average selling price dipped 4.7% to $1,059,377. Inventory was up nearly 19%, giving buyers more selection, but also giving sellers a reason to keep their expectations realistic.
Condo sales rose 9.5%, hinting at renewed interest in affordability-driven segments — though average condo prices stayed soft. And while everyone’s buzzing about the BoC’s rate cut, sales are still sitting below long-term norms. Translation? We’re not in boom territory yet — but we are in motion.
Now let’s get into the numbers region by region. You know the drill: stats first, insights after.
📊 GTA-Wide Snapshot: A Balancing Act in Motion
September brought a steady dose of optimism to the GTA real estate scene. Sales climbed modestly, listings were up nearly 19%, and inventory finally started giving buyers room to breathe. But while activity picked up, prices didn’t follow — the average home price dipped 4.7% year-over-year, and condos stayed soft. Still, with a September rate cut on the books and more rumoured for the months ahead, there’s a definite shift happening. The market isn’t booming, but it’s buzzing.
Average Price: $1,059,377 (▼4.7% YoY)
Sales: 5,592 (▲8.5%)
New Listings: 16,258 (▲18.9%)
Active Listings: 18,912 (▲39.8%)
MOI (Months of Inventory): 3.4 → Balanced market
Average Days on Market: 23
Condo Sales: 1,620 (▲9.5%)
Condo Average Price: $707,065 (▼4.5%)
What this means: It’s a promising fall for serious buyers — more selection, slightly softer prices, and more negotiating power. Sellers need to approach the market with strategy, not nostalgia. Price it right, prep it well, and stay flexible.
📍 Toronto: Warmer Days, Cooler Heads
Buyers were active this September in Toronto, with an 11.6% increase in home sales year-over-year — but prices are sliding. With more listings and a rate cut in place, Torontonians aren’t rushing in, but they are coming back. The condo market also saw a small lift in sales, but average condo prices dipped 5.5%.
Average Price: $1,052,658 (▼5.7% YoY)
Sales: 1,688 (▲11.6%)
New Listings: 6,310 (▲30.5%)
Active Listings: 7,372 (▲19.1%)
MOI (Months of Inventory): 4.4 → Balanced market
Average Days on Market: 25
Condo Sales: 1,048
Condo Average Price: $707,451 (▼5.5%)
What this means: A more balanced market means pricing strategy matters more than ever. Buyers have options, and that gives them leverage. If you’re listing, you need to stand out — and that starts with price.
📍 Mississauga: Sales Climb, But Prices Keep Slipping
Mississauga’s market saw a 19.2% jump in sales this September — but sellers weren’t celebrating the price tags. Average home prices slid nearly 8%, showing that inventory gains are giving buyers plenty of choice.
Average Price: $1,022,692 (▼7.8% YoY)
Sales: 639 (▲19.2%)
New Listings: 1,482 (▲15.3%)
Active Listings: 1,857 (▲18.6%)
MOI (Months of Inventory): 4.4 → Balanced market
Average Days on Market: 21 Condo Sales: 234
Condo Average Price: $615,705 (▼7.4%)
What this means: Sellers need to be realistic — prices aren’t what they were last year. But buyers should take note: this kind of selection won’t last forever, especially if more rate cuts come this winter.
📍 Oakville: Luxury Leanbacks Continue
In Oakville, both buyers and sellers seemed to be moving a little more deliberately. Sales rose 7.4% year-over-year, but the average price dropped over 5%. The high end of the market continues to see price corrections, while condos are holding more steady.
Average Price: $1,527,004 (▼5.6% YoY)
Sales: 335 (▲7.4%)
New Listings: 692 (▲20.2%)
Active Listings: 903 (▲13.3%)
MOI (Months of Inventory): 4.6 → Balanced market
Average Days on Market: 27
Condo Sales: 41
Condo Average Price: $758,246 (▼2.9%)
What this means: Oakville is still one of the priciest pockets in the GTA, but buyers in this segment are negotiating harder — and winning. Sellers may need to adjust expectations or invest in prep to protect their returns.
📍 York Region: More Listings, Less Pressure
York Region saw a healthy 14.9% increase in sales and nearly 18% more homes on the market compared to last September. Prices, however, fell 6.6%. More options, lower rates, and slightly more urgency are bringing buyers back — slowly but surely.
Average Price: $1,180,765 (▼6.6% YoY)
Sales: 1,032 (▲14.9%)
New Listings: 1,595 (▲17.9%)
Active Listings: 2,063
MOI (Months of Inventory): 5.5 → Buyer’s market
Average Days on Market: 30
Condo Sales: 187
Condo Average Price: $673,143
What this means: This is the kind of market that rewards decisive buyers — and gives sellers a reason to sharpen their listing strategy. Don’t let 5.5 months of inventory fool you — quality homes are still moving.
📍 Durham Region: Heating Up in the East
Durham came alive in September with the biggest year-over-year sales jump of all regions — up 30.3%. But prices still dropped by over 5%, revealing that while more buyers are stepping in, they're still price-sensitive.
Average Price: $907,267 (▼5.4% YoY)
Sales: 958 (▲30.3%)
New Listings: 1,678 (▲27.6%)
Active Listings: 2,051 (▲28.5%)
MOI (Months of Inventory): 5.3 → Buyer’s market
Average Days on Market: 20
Condo Sales: 32
Condo Average Price: $574,688 (▼3.3%)
What this means: This is a rare combo — high buyer demand and falling prices. If you're a buyer in Durham, the clock is ticking on your leverage.
📍 Brampton: Stable Sales, Shaky Prices
Despite almost flat year-over-year sales growth, Brampton’s market continued to slide on price. A near 5% drop in the average price signals that affordability is top-of-mind for buyers — and competition among listings is heating up.
Average Price: $1,002,514 (▼4.8% YoY)
Sales: 558 (▲0.4%)
New Listings: 1,183 (▲2.2%)
Active Listings: 1,427 (▼0.4%)
MOI (Months of Inventory): 4.1 → Balanced market
Average Days on Market: 21
Condo Sales: 61
Condo Average Price: $572,228 (▼10.1%)
What this means: The Brampton market is holding steady on volume, but not on price. That opens up opportunities for buyers who were priced out in recent years to step in.
What This Means for Buyers and Sellers?
Summer might be technically over, but someone forgot to tell the weather — and honestly? The same goes for the real estate market. September was a plot twist: rate cuts, more listings, and buyers actually showing up. Shocking, I know.
📉 For buyers: You’ve got sunshine and selection. The interest rate drop may have been small, but the ripple effect is real — motivated sellers, negotiable prices, and less competition. If you’ve been waiting for a sign, this is it.
📈 For sellers: Buyers are back, but they're picky. That means your pricing, presentation, and strategy have to be on point. Half-measures won’t cut it. (But lucky for you, I don’t do half-measures.)
🌞 October heatwave, but make it real estate.
Whether you're buying, selling, or just trying to make sense of it all — let’s build a game plan that turns today’s weather (and market) into your advantage.
