Peel Market Analysis

We know your market and here’s where we prove it.

Below you’ll find the latest statistics on what’s going on in the Peel area and our take on what it means.  We do that by answering three questions for you.

Let’s get started.

Let’s review the big picture before we get into the details below. In July, sales in Peel dropped by about 12% compared to June. At the same time, the average sale price dropped by about $30,000. On the supply side, new listings dropped by about 11% compared to June. When we put it all together, July looked quieter and somewhat softer, with fewer sales and limited price strength.

Here’s the latest charts for each of the three big categories (number of sales, average sale price and number of new listings), going back month by month for the last two years.

Let’s begin by looking at the number of sales that happened in the last month.  This is a fundamental stat as it tells us how many deals are actually taking place in the market.  We’re particularly focused on how busy this month was compared to the last month as well as any trends we see in the number of sales that have been taking place recently.  It’s also interesting to see if this a typical month in terms of sales, which we do by looking at the chart below and seeing how it compares to the same time last year and the year before.

When we review the number of sales in Peel, we see that there were 1,009 sales in July, compared to 1,143 sales in June. That was a meaningful decrease, with sales down about 12% from June, or 134 sales lower month over month. Compared to July of last year, sales were down about 4%, or 44 sales lower.

The average sale price tends to fluctuate month by month and there are definitely seasonal variability.  Using the chart below, we can look for any recent market trends in terms of pricing rising or dropping for a number of months and look back at the same time last year and two years ago to see what sort of annual appreciation we’ve been seeing for sale prices.

While how many sales took place is important, the big question is what happened to the average sale price in Peel in July? In June, the average price was approximately $951,000, and in July, it was about $921,000. That was a modest decrease, with the average price down about 3% from June, or $30,000 lower month over month. Compared to July of last year, the average price was down about 5%, or roughly $50,000.

Turning to the supply side, when we review the number of new listings that came onto the market in Peel in July, we see that there were 2,936 new listings, compared to 3,311 new listings in June. That was a meaningful decrease, with new listings down about 11% from June, or 375 new listings lower month over month. Compared to July of last year, new listings were down about 18%, or 661 new listings lower.

To understand how it felt to buy or sell in Peel in July, we can look at how quickly homes were selling and how close sellers were getting to their list price. Homes were selling somewhat slower than in June, so the market would have felt somewhat slower. At the same time, sellers were getting less of their list price, so the market would have felt somewhat less competitive. Let’s get into the details below.

Here’s the latest charts for these two categories (average days on market and average sale to list price ratio), going back month by month for the last two years.

One of the best indicators of how a market feels is how long homes remain on the market.  The quicker they fly off the market, the more frantic and stressful it can be for both sides.  While it may seem like that is always positive for sellers, make no mistake, it can be stressful when sellers receive lots of attention or offers quickly.  The fear of making a mistake and pressure to decide quickly is hard on both buyers and sellers.

Here’s the latest data on how many days on market it took for homes to sell in Peel.

One of the clearest indicators of how it felt to be buying or selling in Peel in July is how long it took for a home to sell. The average days on market in Peel in July was 33 days, compared to 31 days in June. That was a modest increase, with average days on market up about 6% from June, or 2 days higher month over month. In practical terms, the market would have felt somewhat slower. Compared to July of last year, average days on market was up about 6%, or 2 days higher.

The other statistic that gives us a good idea of how it feels to buy and sell in this month’s market is the sale to list price ratio.  This is a percentage that tells us how close to the price the sellers wanted they actually received from buyers.  If the sale to list price ratio is 100%, it means buyers paid exactly what the sellers were asking for the property.  If it’s under 100%, then the buyers negotiated a discount and if it’s over 100%, then the sellers got even more than they were asking for as a sale price.

Now that we’re clear on the meaning, here’s the average sale to list price ratio each month for the last couple of years.

The average sale-to-list price ratio (how much of their list price sellers are actually getting when they sell) in Peel in July was 97.7%, compared to 98.3% in June. That was a modest decrease, with the ratio down 0.6 percentage points from June. While this stat is influenced by sellers listing below market value and setting offer dates, in practical terms, the market would have felt somewhat less competitive. Compared to July of last year, the sale-to-list price ratio was down 0.4 percentage points.

To forecast where prices may go next in Peel, we’ve reviewed three predictive stats: the sale-to-new-listing ratio, active listings, and months of inventory. Together, the indicators give a clear signal and suggest strong downward pressure on average prices in August. Our prediction is that the average price in Peel in August will fall by about 2% to 4%. In dollar terms, using the midpoint of that range, that would mean a drop of somewhere around $28,000 from July’s average price. That would put the August average price in Peel at about $894,000.

Here’s three charts for our predictive stats, looking at the Sales to New Listing Ratio, number of Active Listings and Months of Inventory.  It is interesting to see fluctuations over the past two years but we’re particularly focused on the most recent month as that is the best predictor of what is coming next.

Let’s start with an acronym!  The Sales to New Listing Ratio (SNLR) tells us how many of the sales we saw this month were new listings in the month versus existing listings that had been on the market from previous months.  It’s considered a strong predictor of what happens in the next month because it tells us if inventory is sticking around or selling quickly.

• If the SNLR is around 50%, we have a balanced market, with sales equal to half the number of new listings coming on the market. A good amount of sales and a good amount of new options means reasonable price increases.
• Over 50% is heading towards a seller’s market, as we have sales outpacing the new inventory coming on the market. In extreme cases, we can have an SNLR of over 100%, which means we saw more sales in a month than inventory came on the market, meaning next month is very likely to see a price increase.
• Under 50% tells us that we are headed towards a buyer’s market. The lower the SNLR, the more of a net increase in properties available the following month.  This means prices typically drop as buyers react to having lots of choices by pushing down the price they are willing to pay.

Let’s look at the latest SNLR in to see where we’ve landed and what sort of market we start next month with in Peel.

The first of our three predictive stats is the sales-to-new-listings ratio, or SNLR, which compares the number of sales to the number of new listings coming onto the market. In July, Peel’s SNLR was 34%, down 1 percentage point from 35% in June. That puts Peel in a buyer’s market, where new supply is outpacing demand. On its own, the SNLR is pointing to some downward pressure on prices heading into August.

As we turn to active listings, we need to be clear about what that means.  The number used for active listings is the number of actual, currently for sale properties at the end of the month.  This number is therefore comprised of the older listings already on the market at the start of the month, plus any new listings that didn’t sell in the month, less any older or new listings that did sell before the end of the month.

Fewer active listings tend to indicates that prices will rise as buyers battle for the properties on the market.  Let’s take a look at the latest numbers.

The second predictive stat is active listings, which tells us how many properties buyers had to choose from at the start of August. In Peel at the end of July, there were 5,256 active listings, compared to 5,411 at the end of June. That was a modest change, with active listings down about 3% from June, or 155 listings lower month over month. Compared to July of last year, active listings were down about 15%, or 919 listings lower. Looking at the last two years, the current level of active listings is normal. Overall, the number of active listings predicts that prices should drop in August.

Finally, let’s look at the Months of Inventory in Peel.

This statistic tracks how long it would take for all houses on the market in Peel to sell if we stopped having any new listings.  The higher the MOI, the more of a buyer’s market, the lower the MOI, the more of a seller’s market.  Somewhere between three to four months is considered a balanced market.

How is Peel doing in terms of months of inventory?  Remember that the lower the levels of inventory, the more likely it is that prices will rise.

The third predictive stat is months of inventory, which tells us how long it would take to sell through the available listings at the current pace of sales and, as a result, gives us a useful read on whether buyers are gaining or losing leverage. In Peel at the end of July, there were 5.2 months of inventory, which was up about 11% from June, or 0.5 months higher month over month. This July’s level was lower than July of last year by 0.7 months, or about 12%. Compared with the last two July levels, July 2024 was at 4.9 months and July 2025 was at 5.9 months. Even with that historical context, current supply conditions are elevated. Broadly speaking, with 5.2 months of inventory available for buyers, that still leaves enough supply relative to sales that prices should drop in August.

There is a lot of information in the above charts and analysis and it’s worth taking a step back to summarize what happened and to understand what it all means.

July saw weaker sales, lower prices, and fewer new listings.

Overall, July was a slower month than June in terms of activity, although sales are still above what we saw two years ago. Sales fell 12% month-over-month (1,143 to 1,009, about 134 fewer), which is below July 2025 (1,053) and above July 2024 (941). For condo apartments, sales fell 27% (180 to 132, just 48 fewer).

The average sale price fell 3.1% ($950,000 to $920,000, about $30,000 lower). For condo apartments, the average price rose 2.7% ($490,000 to $500,000, about $10,000 higher). That makes the condo segment mixed because pricing looked better, but the underlying sales number was weaker.

New listings fell 11% overall (3,311 to 2,936). For condo apartments, new listings fell 9% (559 to 510). That means supply grew faster than demand overall, which can limit seller pricing power if the new supply is not absorbed quickly. For condo apartments, the balance is less favourable because new listings increased faster than sales did.

Peel felt a little slower paced, but a bit less competitive.

Overall, July was slower than June. Average days on market rose to 33 days from 31 (up 2 days or about 7%).

That is not an improvement. Compared with the last two July levels, the overall market is slower than July 2025, when homes took 31 days on average to sell, and slower than July 2024, when homes took 24 days on average to sell. For condo apartments, days on market fell to 44 days from 45. Compared with the last two July levels, that is slower than July 2025, when condo apartments took 38 days on average to sell, and slower than July 2024, when they took 31 days on average to sell.

Sale-to-list shows a different story between the overall market and condo apartments. Overall, it was down at 97.7% (down from 98.3%). For condo apartments, sale-to-list was up at 97.4% (up from 96.5%). That does not point to a meaningfully more competitive market.

August prices will drop in Peel, with condo apartments also facing strong downward pressure.

When we review three predictive stats (the sale to new listing ratio, active listings, and months of inventory), we see that the SNLR fell to 34% from 35%, active listings fell to 5,256 (down 3%), and months of inventory moved to 5.2 months. Taken together, the indicators are giving a clear signal of strong downward pressure on average prices in August. Our prediction is that the average price in Peel in August will fall by about 2% to 4%. In dollar terms, using the midpoint of that range, that would mean a drop of somewhere around $28,000 from July’s average price. That would put the August average price in Peel at about $894,000.

For condo apartments, conditions are weaker. The SNLR was 26%, active listings were 1,109 (down 1%), and months of inventory moved to 8.4 months. For condo apartments, these stats are pointing pretty clearly in one direction, with strong downward pressure on average condo prices. Based on that, our prediction is that the average condo price in Peel will fall by about 4% to 6% in August. In dollar terms, using the midpoint of that range, that would mean a drop of somewhere around $25,000 from July’s average condo price, putting the August average at about $478,000.

We hope you found this review and analysis of Peel helpful and check back in near the start of the next month for the latest update on what is happening in Peel!

We hope you found this review of the latest market stats helpful!  Within the Refined team we work throughout the GTA and we often partner with local agents we know and trust to make sure our clients get the best of both worlds.  If you’re considering buying or selling and want to work with people who understand your market, don’t hesitate to get in touch with us.  Otherwise, check back near the start of next month to see the latest Peel market analysis!