Toronto Home Prices May 2024. Best real estate agents in Toronto near me
Sunday May 12th, 2024
📊 Sales volumes are almost the same as last Spring: it was only slightly down by -5.0%
📈 Number of new listings & active listings: last month April saw a significant +47.2% increase in the number of new listings and a whopping +74.4% increase in the number of active listings
💰 Average housing prices remain nearly the same as last Spring: the average housing price in the GTA increased marginally by +0.3% over the past year
🔎 Overall, buyers have a lot more inventory to choose from and with sales volumes slightly down, some markets present amazing opportunities for buyers. The condo market in particular remains quite soft and our team has secured great condo units at prices last seen in 2020-2021! Other markets, such as certain freehold markets throughout the GTA where demand outpaces the supply, are seeing multiple offers and annual price increases beyond +7%.
☎️ If you're thinking of selling or purchasing a property this year, contact Karen's team for a confidential discussion about your real estate goals and how to achieve them: 647-836-2895
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