Ontario MLS® home sales continue gradual recovery, mark highest September in four years
Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 14,349 units in September 2025. This was an increase of 7.3% from September 2024.
Home sales were 2.6% below the five-year average and 16.8% below the 10-year average for the month of September.
On a year-to-date basis, home sales totalled 125,263 units over the first nine months of the year. This was a moderate decrease of 4.3% from the same period in 2024.
Nationally, home sales activity increased by 5.2% from year-ago levels in September 2025.
The average price of resale residential homes sold across the province in September 2025 was $828,896, decreasing by 2.9% from September 2024.
The more comprehensive year-to-date average price was $840,105, a modest decline of 3.3% from the first nine months of 2024.
The national average price, by comparison, was nearly unchanged, up only 0.7% on a year-over-year basis to $676,154 in September 2025.
The number of new listings on MLS® Systems of real estate boards in Ontario saw an increase of 8.5% from September 2024. There were 42,545 new residential listings in September 2025. This was also the largest number of new listings added in the month of September in history.
New listings were 21.1% above the five-year average and 23.9% above the 10-year average for the month of September.
Active residential listings numbered 74,201 units on the market at the end of September, a sizable gain of 12.8% from the end of September 2024. Active listings haven’t been this high in the month of September in more than 15 years.
Active listings were 45.1% above the five-year average and 50.1% above the 10-year average for the month of September.
Months of inventory numbered 5.2 at the end of September 2025, up from the 4.9 months recorded at the end of September 2024 and above the long-run average of 3.1 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in the province in September 2025 was $11.9 billion, up by 4.2% from the same month in 2024.
| Ontario Monthly Summary | ||||
|---|---|---|---|---|
| September 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Central1 | 5,982 | 11.0 | $1,070,950 | -4.4 |
| Eastern2 | 1,806 | 4.2 | $629,273 | 0.7 |
| Northeastern3 | 1,541 | -2.7 | $757,812 | -8.3 |
| Northern4 | 947 | 13.4 | $409,419 | 6.2 |
| Southern5 | 2,295 | 9.5 | $760,938 | -2.1 |
| Western6 | 1,778 | 2.2 | $590,036 | -0.9 |
| Ontario | 14,349 | 7.3 | $828,896 | -2.9 |
| Ontario Year-To-Date Summary | ||||
|---|---|---|---|---|
| YTD 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Central1 | 51,555 | -8.1 | $1,089,263 | -3.9 |
| Eastern2 | 17,718 | 3.1 | $643,513 | 2.8 |
| Northeastern3 | 12,104 | -11.6 | $752,159 | -1.9 |
| Northern4 | 7,122 | 6.9 | $412,777 | 4.3 |
| Southern5 | 20,648 | -3.0 | $773,666 | -1.5 |
| Western6 | 16,116 | 0.6 | $599,202 | -0.4 |
| Ontario | 125,263 | -4.3 | $840,105 | -3.3 |
1 Oakville-Milton, Greater Toronto
2 Cornwall, Kingston and Area, Ottawa, Renfrew County, Rideau-St. Lawrence
3 Bancroft & District, Barrie & District, Kawartha Lakes, Lakelands, Northumberland Hills, Peterborough and the Kawarthas, Quinte & District
4 North Bay, Saul Ste. Marie, Sudbury, Thunder Bay, Timmins, Cochrane & Timiskaming Districts
5 Brantford Region, Guelph & District, Hamilton-Burlington, Kitchener-Waterloo, Niagara Region, Simcoe, and Cambridge
6 Chatham-Kent, Grey Bruce Owen Sound, Huron Perth, London & St. Thomas, Sarnia-Lambton, Windsor-Essex, Woodstock-Ingersoll-Tillsonburg
BOARD & ASSOCIATION INFORMATION
The Ontario Real Estate Association represents nearly 100,000 brokers and salespeople who are members of the 29 real estate boards throughout the province. OREA serves its REALTOR® members through a wide variety of support services, educational programs, advocacy, standard forms, and other offerings.
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Jean-Adrien Delicano
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JeanAdrienD@orea.com
Cathy Polan
