Overbidding on homes in the Greater Toronto Area hit near all-time lows, with only 6% of neighborhoods seeing homes sell above asking price. Most areas (93%) were underbidding, with overbidding mainly in older, established neighborhoods in Toronto's east end. Median sale prices in overbidding areas ranged from $1-1.5 million, lower than underbidding areas. New listings are at multi-year lows, which may increase competition soon.