GTA home prices are still down, but the latest data is showing signs of a shift beneath the headline.

The average selling price fell 2.7% year-over-year in August to $993,410, but that decline narrowed from 4.5% in July. Meanwhile, the MLS® benchmark has been flat to slightly higher month-over-month over the past three months as housing supply continues to tighten.

It doesn’t mean prices have turned a corner, but it does suggest some of the downward pressure may be easing.

Tap through for a closer look at GTA price trends, and reach out to understand what they mean for your market.