Ontario MLS® home sales below average in August, but continues showing signs of growing momentum
Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 14,299 units in August 2025. This increased by 5.2% from August 2024.
Home sales were 7% below the five-year average and 20.6% below the 10-year average for the month of August.
On a year-to-date basis, home sales totalled 110,901 units over the first eight months of the year. This was a decline of 5.7% from the same period in 2024.
Nationally, home sales activity posted a small gain of 1.9% from year-ago levels in August 2025.
The average price of resale residential homes sold across the province in August 2025 was $804,985, down modestly by 1.9% from August 2024.
The more comprehensive year-to-date average price was $841,596, a minor decrease of 3.4% from the first eight months of 2024.
The national average price, by comparison, marked a modest gain of 1.8% on a year-over-year basis to $664,078 in August 2025.
The number of new listings on MLS® Systems of real estate boards in Ontario increased by 9% from August 2024. There were 33,006 new residential listings in August 2025. This was the largest number of new listings added in the month of August in five years.
New listings were 13.5% above the five-year average and 12.4% above the 10-year average for the month of August.
Active residential listings numbered 71,411 units on the market at the end of August, a gain of 15.4% from the end of August 2024. Active listings haven’t been this high in the month of August in more than a decade.
Active listings were 48% above the five-year average and 50.4% above the 10-year average for the month of August.
Months of inventory numbered 5 at the end of August 2025, up from the 4.6 months recorded at the end of August 2024 and above the long-run average of 2.8 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 August 2025 was $11.5 billion, a small gain of 3.2% from the same month in 2024.
| Ontario Monthly Summary | ||||
|---|---|---|---|---|
| August 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Central1 | 5,635 | 5.2 | $1,036,177 | -4.5 |
| Eastern2 | 1,995 | 5.9 | $631,464 | 5.0 |
| Northeastern3 | 1,526 | -2.9 | $756,628 | 1.6 |
| Northern4 | 969 | 7.9 | $411,834 | 7.7 |
| Southern5 | 2,273 | 6.7 | $761,291 | -1.4 |
| Western6 | 1,901 | 8.8 | $593,244 | -0.7 |
| Ontario | 14,299 | 5.2 | $804,985 | -1.9 |
| Ontario Year-To-Date Summary | ||||
|---|---|---|---|---|
| YTD 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Central1 | 45,576 | -10.1 | $1,091,660 | -3.8 |
| Eastern2 | 15,910 | 2.9 | $645,067 | 3.0 |
| Northeastern3 | 10,564 | -12.7 | $751,273 | -1.0 |
| Northern4 | 6,183 | 6.1 | $413,309 | 4.0 |
| Southern5 | 18,319 | -4.5 | $775,607 | -1.3 |
| Western6 | 14,349 | 0.5 | $600,531 | -0.3 |
| Ontario | 110,901 | -5.7 | $841,596 | -3.4 |
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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Cathy Polan
