Nearly 80% of homes in the Greater Toronto Area sold below asking price last month, with 97% of neighborhoods experiencing underbidding. Only 3% saw overbidding, mostly in more affordable areas with median prices under $1 million. The average home price dropped 6.4% to about $1.04 million. High-priced neighborhoods like Oakville and King saw the most underbidding, reflecting ongoing affordability challenges.
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