Joy Paterson, Broker | Real Broker Ontario Ltd., Brokerage

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2024: March Real Estate Not Surprising

April 27, 2024 by Joy Paterson, Toronto Realtor

The numbers are in for March Real Estate sales in Toronto and they are not surprising. 

Total transactions year over year are down 4.5% with Detached homes being the most sold.

Whereas sales between February and March of this year are down just over 1%. 

Average selling price year over year is actually up 1.3% and from Feb to March of this year the prices are also slightly up at 0.7% –   so we are seeing less sales but slightly higher selling prices. 

We are also seeing quite a few more listings this year over last year – roughly 15% more although we are seeing less sales. 

Average selling price of a Detached home is just over $1.4M, Semis are averaging $1.12M, Townhomes $940,000 and condos are sitting around the $700,000 mark. 

So what does this all mean? I think until we feel more confident that the Interest Rates will be cut, sales will continue to be down.

If youre interested in the full market report, message me.

* All stats from TREB.

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Filed Under: Market Watch Tagged With: Toronto Real Estate Market

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About Joy

Joy Paterson is a Real Estate Broker in Toronto who helps Sellers, Buyers, Investors and Tenants make great Real Estate decisions. Read More…

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Real Broker Ontario Ltd., Brokerage
Hadden Homes Team

130 King St W UNIT 1800B
Toronto, ON
M5X 1E3
416-500-2587
joykpaterson@gmail.com

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