Market Update – January 2025

On in So How's the Market in Toronto by

Central Toronto REALTORS® reported 112 detached home sales through the Toronto MLS® in January 2025; and on average, these detached homes sold for $2,159,229.

Last year, in January 2024, Toronto MLS® reported 85 freehold detached home sales across Toronto – which is a 32% increase volume for this year. It was also reported that on average, freehold detached homes sold for $2,180,404 in January 2024 – and that’s a 1% decrease in sale prices for this January.

With respect to semi-detached homes… Central Toronto REALTORS® reported 86 semi-detached home sales in January 2025; and on average, these semi-detached homes sold for $1,328,962 last month.

That compares to 67 semi-detached home sales in January 2024 – which is a 28% increase in volume for this year. But again, it was also reported that on average, semi-detached homes sold for $1,347,999 in January 2024 – and that’s an 1% decrease in sale prices for this January.

With respect to condo sales, Central Toronto REALTORS® reported 411 condo sales in January 2025; and on average, these condos sold for $805,061 last month.

In January 2024, there were 513 condo sales – which is a 20% decrease in volume for this year. On average, these condos sold for $802,220 – and that’s a 0.4% increase in sale prices for this January!

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