Diane  Adler

Diane Adler

Sales Representative

Royal LePage Realty Plus, Brokerage*

Mobile:
416-275-0748
Office:
905 828 6550
Email Me

Hire A Top Class Real Estate Agent Who Will Invest In Your Future

Toronto Real Estate Board December Marketwatch Report

GTA  Home Sales in December 2024 took a dip from last month to 3,359 sales compared to 3,419 sales in December 2023.   Buyers are starting to take advantage of more affordable market conditions brought about by interest rate cuts and lower home prices.  Population growth and a resilient regional economy continued to support the overall demand for housing.

New listings were up to 4,681 properties  an increase of 20.2 compared to 3,894  properties in December 2023. Active listings at the end of the year were 15,393 compared to 10,368 in 2023 which is an increase of 48.5%.   Market conditions did tighten in December especially  in the  single-family property.  There still remains a good amount of inventory and choice for buyers.

Average sale price was down slightly by 1.6% at $1,067,186  compared  to December  2023 at $1,084,757. 

Average days on the market for December was 36 days compared to 32  days in December  2023   - an increase  of  12.5%.

For complete reports Click Here

 

 

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