Toronto, Canada’s largest and most vibrant city, is not only a cultural and economic hub but also a dynamic real estate market. Current Toronto MLS® stats indicate an average house price of $1,218,781 and 3396 new listings in the last 28 days. As of today, Toronto housing data shows median days on the market for a home is 15 days.
1. Listings on the Market:
Toronto real estate market offers an extensive range of housing options, from single-family homes to townhomes and condominiums.
Toronto boasts an impressive 1,831 homes listed on the market, providing a diverse array of choices for residents and newcomers. These homes represent a blend of architectural styles and urban living experiences.
For those seeking townhome living, Toronto presents 547 listings, showcasing the enduring appeal of this housing style for those who value both space and urban convenience.
Condos offer a staggering 4,132 options for those looking for a maintenance-free, cosmopolitan lifestyle.
2. Average Listings Price in the Last Month:
The average listing prices for homes, townhomes, and condos over the past three months provide insights into the market’s affordability and investment potential:
The average listing price for homes in the last three months stands at $1.9 million, reflecting the enduring desirability of Toronto’s residential offerings.
Notably, townhomes have experienced a modest 3.27% decrease in the average listing price during the same period, signalling potential opportunities for buyers.
Condos maintain their affordability in Toronto, with an average listing price of $813.6 thousand in the past three months.
3. Change in Average Listing Price:
Understanding the change in average listing prices uncovers the subtleties of market dynamics:
Over the past three months, there has been a slight 0.5% decrease in the average listing price for homes, suggesting a balanced market.
Townhomes have witnessed a moderate 3.27% decrease in the average listing price, indicating an adjustment in market sentiment.
The condo market has experienced a 3.56% decrease in the average listing price, offering potential affordability for buyers.
4. Average Sold Price in the Last Month:
The average sold price for homes, townhomes, and condos in the past three months reflects actual transaction values:
Homes in Toronto have seen an average selling price of $1.7 million in the last three months, highlighting the competitiveness of the market.
The average sold price for townhomes in the past three months is $1 million, indicating resilience in this housing category.
The condo market in Toronto has witnessed a 1.79% increase in the average sold price, showcasing a dynamic market.
5. Change in Average Sold Price:
Analyzing the change in the average sold price provides insights into market dynamics:
The change in the average sold price for homes reflects a modest 1.14% decrease, suggesting stability and consistent demand.
Townhomes have experienced a 0.53% increase in the average sold price, highlighting their continued appeal to buyers.
The condo market has shown resilience with a 1.79% increase in the average sold price, indicating a robust market.
Inventory & Sold Statistics:
In the past 60 days, the Toronto real estate market has displayed vitality, with key statistics as follows:
There were 3,269 new home listings, with 1,485 homes sold during this period. The average days on the market for homes stood at 14 days, and the selling-to-listing price ratio was a robust 101.34%. These figures underscore the competitiveness and strength of Toronto’s home market.
Toronto recorded 966 new townhome listings and 421 townhomes sold in the last 60 days. With an average days on the market of 16 days and a selling-to-listing price ratio of 101.33%, this housing segment showcases efficiency and compelling pricing dynamics.
For condos, there were 6,220 new listings and 2,221 condos sold in the last 60 days. The average days on the market for condos was 19 days, and the selling-to-listing price ratio was a solid 100.26%. Condos remain a dominant and enduring component of Toronto’s real estate landscape.
