Are Toronto sellers negotiating more after 98 days on market?

[kai_trades]

I am trying to decide whether 98 days on market now gives buyers meaningful negotiating room, or whether that is mostly seasonal noise. Toronto feels split rather than uniformly fast or slow. For villas around C$1,361,000–C$2,041,000, I am seeing roughly that marketing time, while homes with clear energy-performance information appear to move differently.

Has anyone tracked recent completed sales against the full public asking history, including reductions or withdrawn listings? I am particularly interested in how condition, financing and seller motivation affected the final price.

 

[openTheKite]

The 98 days alone cannot answer it. A well-maintained property priced too high for 70 days and then reduced may attract more competition than a compromised property sitting at the same price throughout. Compare completed sales by neighbourhood, condition and original asking price—not just the last list price.

 

[openTheKite]

Also, are those 98 days continuous, or are you including properties that were withdrawn and returned as new listings? That distinction could materially change the picture. I would separate genuine fresh stock from relisted stock, then note whether the eventual agreement came before or after a price cut.

 

[hana.slate]

The neighbourhood comparisons make sense, but I am not convinced these properties form a single Toronto segment. Even a nearby boundary can change the buyer pool, while purchasers between C$1,361,000 and C$2,041,000 may have very different financing constraints.

After 98 days there may be negotiating room, but only if the owner is motivated. I would first verify the complete listing history, including withdrawals, then compare condition and any price changes with the eventual sale.

 

[cairn.common]

I partly disagree that days on market are weak evidence. They are not enough by themselves, but 98 days does tell a buyer that the initial launch failed to produce an acceptable deal. The useful question for the agent is why: rejected offers, inspection concerns, financing failures, condition, or simply an unrealistic seller. Each calls for a different offer strategy.

 

[readTheRidge]

A practical comparison sheet would help: original ask, each price cut and date, any withdrawal/relisting, final price, condition, energy information, and the narrow neighbourhood. Add new-listing volume at the time, because an older property may face more pressure if several close substitutes arrive. Without those columns, a final-price-versus-current-ask comparison can exaggerate or hide the negotiation.

 

[yuki_hope]

Seller motivation is probably the missing fact. Before assuming 98 days means a large discount, ask whether the property is occupied, vacant, already reduced, or being offered unchanged despite weak interest. I would use completed sales to set value, then let the stale listing history support firmer terms rather than choosing an arbitrary percentage below asking.