Ontario MLS® home sales virtually unchanged year over year in December; overall inventory remains well above average
Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 8,806 units in December 2025. This increased by 1.2% from December 2024.
Home sales were 3.9% below the five-year average and 13.7% below the 10-year average for the month of December.
On an annual basis, home sales totalled 163,234 units over the course of 2025. This was a decline of 4.1% from 2024.
Nationally, home sales activity decreased by 4.5% from year-ago levels in December 2025.
The average price of resale residential homes sold across the province in December 2025 was $800,420, down modestly by 3.9% from December 2024.
The more comprehensive annual average price was $835,467, a minor decrease of 3.8% from all of 2024.
The national average price, by comparison, was nearly unchanged, down only 0.1% on a year-over-year basis to $673,335 in December 2025.
The number of new listings on MLS® Systems of real estate boards in Ontario increased by 5.4% from December 2024. There were 11,869 new residential listings in December 2025. This was the largest number of new listings added in the month of December in five years.
New listings were 12.4% above the five-year average and 12.9% above the 10-year average for the month of December.
Active residential listings numbered 45,255 units on the market at the end of December, a gain of 12.6% from the end of December 2024. Active listings haven’t been this high in the month of December in more than a decade.
Active listings were 47% above the five-year average and 57.2% above the 10-year average for the month of December.
Months of inventory numbered 5.1 at the end of December 2025, up from the 4.6 months recorded at the end of December 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 December 2025 was $7 billion, was a small reduction of 2.7% from the same month in 2024.
| Ontario Monthly Summary | ||||
|---|---|---|---|---|
| December 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Central1 | 3,964 | 8.4 | $1,017,983 | -5.7 |
| Eastern2 | 986 | -5.3 | $611,190 | 1.6 |
| Northeastern3 | 922 | -4.2 | $688,257 | -6.3 |
| Northern4 | 420 | 3.7 | $395,676 | 6.8 |
| Southern5 | 1,381 | -10.3 | $701,981 | -7.2 |
| Western6 | 1,133 | 3.5 | $565,212 | -4.8 |
| Ontario | 8,806 | 1.2 | $800,420 | -3.9 |
| Ontario Year-To-Date Summary | ||||
|---|---|---|---|---|
| YTD 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Central1 | 67,547 | -7.7 | $1,079,689 | -4.5 |
| Eastern2 | 22,059 | 0.7 | $640,999 | 2.9 |
| Northeastern3 | 17,909 | -4.1 | $754,840 | -2.2 |
| Northern4 | 9,086 | 6.3 | $409,326 | 4.0 |
| Southern5 | 25,992 | -4.7 | $762,907 | -2.5 |
| Western6 | 20,641 | -0.4 | $592,996 | -1.4 |
| Ontario | 163,234 | -4.1 | $835,467 | -3.8 |
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
