Sales Continue to Recover While New Listings Decline
The Greater Toronto Area housing market continued its steady recovery in June 2026.
According to the latest Toronto Regional Real Estate Board (TRREB) statistics, sales activity increased significantly compared to the same time last year, while the number of new listings declined.
Rather than seeing dramatic price increases, the market is becoming healthier through stronger buyer confidence and improving supply-demand balance.
For buyers, more opportunities still exist than during the pandemic market.
For sellers, well-priced homes are beginning to attract stronger interest once again.
So what exactly happened in June?
Sales Continue to Improve
The most encouraging number from June is transaction volume.
Home sales increased 9.4% year-over-year, rising from 6,191 sales in June 2025 to 6,770 sales in June 2026.
This marks another consecutive month of improving activity across the GTA.
More buyers are returning to the market after interest rates stabilized earlier this year.
Instead of waiting indefinitely for prices to fall further, many buyers are now moving forward with purchasing decisions.
Historically, increasing transaction volume is often the first indicator of a recovering housing market.
Prices typically follow later.
Inventory Is Beginning to Tighten
While sales increased, new listings moved in the opposite direction.
New listings dropped from 19,847 homes last June to 17,282 homes this year, representing a 12.9% decline.
This is an important shift.
Throughout much of 2024 and 2025, buyers benefited from abundant inventory and strong negotiating power.
As fewer homeowners choose to list their properties while buyer activity improves, market conditions are gradually becoming more balanced.
If this trend continues through the fall, buyers may begin facing increased competition for desirable homes.
Home Prices Remain Stable
Although sales are improving, prices have not surged.
Instead, the market continues to stabilize.
Average prices by property type were:
Detached Homes
- Average Price: $1,364,204
- Year-over-Year Change: -2.0%
- Sales: 3,256 (+9.1%)
Detached homes continue to lead the market.
Families looking for larger homes in communities such as Markham, Richmond Hill, Vaughan, and Aurora remain active, supporting detached home demand.
Semi-Detached Homes
- Average Price: $1,038,973
- Price Change: -4.6%
- Sales: 617 (+3.0%)
Semi-detached homes remain attractive for buyers seeking additional space while staying below detached home pricing.
Townhouses
- Average Price: $844,579
- Price Change: -3.1%
- Sales: 1,082 (+4.3%)
Townhomes continue to represent one of the strongest value opportunities in today’s market, particularly for first-time buyers and young families.
Condominiums
- Average Price: $630,688
- Price Change: -9.5%
- Sales: 1,714 (+14.3%)
Condos remain the weakest segment in terms of pricing.
However, the strong increase in condo sales suggests buyers are beginning to take advantage of improved affordability.
Investors and first-time buyers continue to find opportunities in this segment.
Homes Are Taking Slightly Longer to Sell
Average Listing Days on Market (LDOM) increased from 26 days last year to 29 days this June.
While this represents an 11.5% increase, properties are still selling within approximately one month on average.
This suggests buyers remain cautious and are taking more time to compare properties before making offers.
Unlike the competitive bidding wars seen in 2021 and early 2022, today’s buyers are more deliberate and focused on value.
What Does This Mean for Buyers?
The current market still offers several advantages.
Buyers have:
- More negotiating power than during previous market peaks.
- More time to complete inspections and financing.
- A wider selection of available homes.
- Improved mortgage affordability compared to 2023.
For many buyers, today’s market provides an opportunity to purchase before stronger competition potentially returns.
What Does This Mean for Sellers?
The market is improving—but pricing strategy is becoming increasingly important.
Today’s successful listings typically share several characteristics:
- Competitive pricing.
- Professional photography.
- Well-maintained interiors.
- Strong online marketing.
- Flexible showing availability.
Buyers remain price-sensitive.
Overpriced homes are still likely to sit on the market longer.
Looking Ahead to the Second Half of 2026
Several trends are worth watching:
- Buyer confidence continues improving.
- Inventory is tightening.
- Interest rates remain relatively stable.
- Sales are recovering before prices.
If these conditions continue, home prices may begin experiencing gradual upward pressure later this year.
However, the market is expected to remain balanced rather than returning to the rapid appreciation seen during the pandemic years.
JDL Realty Market Insight
June’s numbers reinforce what many industry professionals have observed over the past several months:
The GTA housing market is no longer in decline.
Instead, it is entering a healthier, more sustainable phase characterized by improving sales, stabilizing prices, and gradually tightening inventory.
Whether you’re buying your first home, upgrading, downsizing, or investing, understanding these market shifts is essential to making informed decisions.
At JDL Realty, we closely monitor every market update to help our clients navigate changing conditions with confidence.
Final Thoughts
June 2026 highlights three major trends shaping the GTA real estate market:
- Buyer confidence is returning.
- Inventory is becoming tighter.
- Sales are recovering ahead of prices.
These are all classic indicators of a market transitioning toward recovery.
While today’s buyers still enjoy favorable conditions, opportunities may gradually become more competitive if inventory continues to decline throughout the remainder of the year.
Whether you’re planning to buy or sell, staying informed is the first step toward making the right real estate decision.
Source: TRREB
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