Toronto Market breakdown – April 2023
While we had a strong month of sales with 7,531 homes sold, the shockingly low inventory of 10,373 homes for sale is once again resulting in multiple offers and price increases.
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Across all TRREB districts the average home price was $1.53 million dollars. Notably the months of supply number is only 1.3 (i.e if no new homes were added to the market we would run out of homes to sell in about 40 days. This is an indication of the limited supply of homes on the market.
Generally speaking the condo market is once again a seller’s market with the average condo taking about 3 weeks to sell.
Needless to say that we have all the information about this market at our fingertips. If you want more information about where you live or in any section of the market in the GTA please let us know by completing the form below. We’ll be happy to provide you with a report that’s tailored to your needs.