Home sales across the GTA hit 6,138 in October, down 9.5% year-over-year, as buyers continued to take their time in a more negotiable market. ๐ก๐
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New listings rose 2.7% year-over-year to 16,069, giving buyers a wider selection โ though both sales and listings slipped slightly from September levels. ๐๐๏ธ
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The average selling price came in at $1,054,372, down 7.2% from last October, while the MLSยฎ HPI Composite eased 5% year-over-year and stayed essentially flat month-over-month. ๐ฐ๐
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๐ฌ Lower mortgage rates are starting to ease pressure, but the fall market remains firmly buyer-leaning โ a window for well-prepared purchasers to negotiate strong terms before inventory tightens again.
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