As we move into the fall season, the Whitby real estate market is showing signs of balance, with both opportunities and challenges for buyers and sellers alike. Below is a snapshot of what’s happening locally and what to watch in the coming months.
| Metric | Approximate Value* | Trend / Notes |
|---|---|---|
| Average / Benchmark Sale Price | ~$942,400 (all property types) (WOWA) | Prices remain fairly strong, especially for detached homes (WOWA) |
| Median / Typical Price | ~$885,000 (WOWA) | For a “typical” home type in Whitby (WOWA) |
| Number of Transactions | ~123 homes sold in September (WOWA) | Detached homes continue to dominate sales (WOWA) |
| New Listings / Inventory | ~359 new listings over 28 days (Zolo) Active listings in September ~ (past data) ~ 407 in same period last year (Wahi) | Inventory is up year-over-year in many segments (Wahi) |
| Days on Market | ~27 days on average (Wahi) | Homes are still moving relatively quickly (Wahi) |
| Market Conditions | Balanced to moderately in favour of sellers in some segments (Wahi) | More choices for buyers than earlier in the year |
*All numbers are based on available public reports for Whitby and the Durham Region; values may vary slightly based on data source and property type.
✅ What’s Driving the Market
1. Interest Rates & Buyer Sentiment
Moderating mortgage rates have encouraged some buyer activity. That said, many buyers remain cautious about affordability and long-term borrowing costs. Jim Stanton Realtor® Team+2RE/MAX Canada+2
2. Rising Inventory
Compared to earlier in the year, Whitby (and the broader Durham market) is seeing more listings, giving buyers a bit more leverage and more options to choose from. RE/MAX Canada+2Wahi+2
3. Detached Homes are Leading
Detached properties remain the most active and often command a premium. Semi-detached, townhomes, and condos still move, but are more sensitive to pricing and condition. WOWA+2soldbybryant.com+2
4. Seasonal Slowdown & Buyer Caution
As we head into fall and winter, activity typically slows. Combined with economic uncertainty, buyers are being more selective, and that tends to lengthen marketing times for some listings.
🔍 What Buyers Should Know
- With more inventory, buyers have a bit more negotiating room – but well-priced homes in desirable locations are still in demand.
- Be pre-approved and move quickly on offers for homes in stronger segments (detached, well-located).
- Pay close attention to condition, upgrades, and staging – these can make the difference in a more competitive sub-market.
- Consider exploring semi-detached, townhomes or condos if detached homes are stretching budgets.
🏠 What Sellers Should Do
- Pricing is critical: overpricing may lead to longer time on market.
- Invest in presentation — first impressions matter more when buyers have more choices.
- Be realistic on timelines: don’t expect instant offers in all segments this fall.
- Leverage marketing and exposure — good photos, virtual tours, and professional marketing go a long way.
🔮 Outlook & What to Watch Next
- Many analysts expect modest price appreciation in the short term (2025–2026) in the Durham Region — in the range of 2-4% annually. Lord Decor+2Jim Stanton Realtor® Team+2
- Continued pressure on affordability, interest rates, and economic conditions may temper aggressive price growth. RE/MAX Canada
- Expect some market softening or stabilization in weaker segments (higher-priced homes, condos) if buyer demand weakens.
- Watch for policy changes (mortgage regulation, tax, incentives)