Toronto City Real Estate Trends
In the heart of Toronto, the real estate market tells a story far beyond the cold grasp of numbers. Toronto MLS® recent stats indicate an average house price of $1.3 Million and 3396 new listings in the last 28 days. Toronto housing’s current data shows median days on the market for a home is 15 days.
1. Listings on the Market:
In the vibrant neighborhoods, Toronto Real estate market has 1,831 homes beckoning with stories of family gatherings.
In the more intimate corners of the city, 547 townhomes stand as gateways to a harmonious blend of community and privacy.
Against the city skyline, 4,132 condos reach for the heavens, embodying the modern allure of vertical living.
2. Average Listing Price in February:
Priced at an average of $1.9 million, Toronto homes are not just spaces; they are canvases where life is painted in broad strokes of comfort, luxury, and the pride of ownership.
With an average listing price of $1 million, townhomes offer a bridge between the affordability of communal living and the tangible comforts of a personal space.
At an average listing price of $813.6K, condos open the door to a different kind of urban dream—a life where the city’s heartbeat is felt through every window
3. Change in Average Listing Price:
Beyond the numbers, the 0.5% decrease in the average listing price for Toronto homes is a nuanced brushstroke on the canvas of the market. It’s a dance between sellers and buyers.
The more pronounced 3.27% decrease in the average listing price for townhomes’.
In the condo segment, the 3.56% decrease in the average listing price echoes the adaptive nature of the market, where sellers respond to the evolving desires of prospective buyers.
4. Average SOLD Price in February:
Amidst the urban tapestry, the $1.7 million average sold price for homes encapsulates more than a transaction. With an unwavering average selling price of $1 million, townhomes narrate stories of stability and resilience. Each sale is not just a financial exchange but a testament to the enduring appeal of these urban dwellings. The $761.3K average sold price for condos captures the essence of urban dreams materialized.
5. Change in Average SOLD Price:
The 1.14% decrease in the average sold price for homes is a subtle note in the melody of the market. In townhomes, the 0.53% increase in the average sold price is a testament to the resilience of this market segment. With a 1.79% increase in the average sold price for condos, the market showcases a dynamic rhythm where sellers and buyers engage in a harmonious exchange.
Inventory & SOLD Statistics:
In the last 60 days, 3,269 new listings have emerged, each telling a unique story of a family looking for a new beginning in Toronto.
Of these, 1,485 homes found new owners, with an average of 14 days on the market—a testament to the swift pace of transactions. The selling-to-listing price ratio of 101.34% is not just a percentage.
Over the last 60 days, 966 new townhome listings have graced the market, each promising a different facet of urban living. Among these, 421 townhomes found new owners, with an average of 16 days on the market. The selling-to-listing price ratio of 101.33%.
A staggering 6,220 new condo listings emerged in the last 60 days, reflecting the vertical growth and the lure of city living. Of these, 2,221 condos changed hands, with an average of 19 days on the market. The selling-to-listing price ratio of 100.26%.
