February 2025 Real Estate Market Update

February 2025 Real Estate Market Update: Trends & Insights

I hope you’re doing well despite everything happening around us. As we step into March, let’s take a closer look at how the real estate market performed in February 2025.

Market Overview

Last month, 4,037 homes were sold through TRREB’s MLS® System, marking a 27.4% decline from February 2024. Despite the slowdown in sales, home prices have remained relatively stable. The average selling price was $1,084,547, reflecting only a modest 2.2% decrease compared to last year.

Inventory & Listings

• New listings saw a 5.4% increase, reaching 12,066.
• Total active listings surged to 19,536, a 76% jump from February 2024.

This increase in available properties has provided buyers with more options, even as sales have cooled.

What’s Influencing the Market?

Several factors are shaping the current real estate landscape: ✅ Affordability Concerns – Many buyers remain cautious due to economic uncertainty. ✅ Economic & Trade Uncertainty – Developments in U.S. trade relations are influencing consumer confidence. ✅ Interest Rates & Borrowing Costs – If borrowing costs continue to decline, we could see increased market activity in the latter half of the year.

Opportunities for Buyers & Sellers

With home prices holding steady and more inventory available, buyers have more negotiating power. Sellers, on the other hand, should focus on strategic pricing and presentation to attract serious buyers in this shifting market.

If you’re considering buying or selling, or if you have any questions about the market, feel free to reach out. Stay tuned for next month’s update!