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Toronto Real Estate Board March MLS sale statistics:
- GTA single family home sales including condominiums - 6560.
- Volume - down 4.5%, compared to March 2023 - 6868 sales.
- Volume - up 17% compared to February 2024 - 5607 sales.
- Average price of a GTA single family home - $1,093,003.
- Down 3% from 2023's average price of - $1,126,449.
(The GTA is Burlington to Clarington, Lake Ontario to Lake Scugog)
“The average selling price edged up in comparison to last year as we moved through the first quarter of 2024. Price growth is expected to accelerate during the spring and even more so in the second half of the year, as sales growth catches up with listings growth and sellers’ market conditions start to emerge in many neighbourhoods. Lower borrowing costs in the months ahead will help fuel increased demand for ownership housing,” said TRREB Chief Market Analyst Jason Mercer.
We track MLS sales daily.
- November 2016 to May 30th 2017, 90% of central district properties sold over asking price.
- March 2024 30-55% of central district properties sold for over asking price daily. (Based on district.)
(Central districts cover the Lake to York Mills, and the Humber River to Victoria Park.)
The March residential resale market was an improved market and mixed market.
- Some properties remain unsold after 2, 3 months or more.
- Some under priced or reasonably priced homes sold in "bidding wars" - a few in "bully offers".
- The freehold home inventory was limited.
- Many condominium apartments were for sale.
March Average Prices:
- Detached 416 : $1,708,437
- Semi-detached 416 : $1,300,403
- Townhouse 416 : $999,771
- Condo 416: $729,392
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1988
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$229,635
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2006
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$351,941
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1989
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$273,688
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2007
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$376,236
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1990
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$255,020
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2008
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$379,347
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1991
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$234,313
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2009
|
$395,460
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1992
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$214,971
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2010
|
$431,276
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|
1993
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$206,490
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2011
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$465,014
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1994
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$208,921
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2012
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$497,130
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1995
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$203,028
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2013
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$522,958
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1996
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$198,150
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2014
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$566,624
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1997
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$211,307
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2015
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$622,120
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1998
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$216,815
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2016
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$729,837
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1999
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$228,372
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2017
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$822,572
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2000
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$243,255
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2018
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$787,865
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2001
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$251,508
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2019
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$819,279
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2002
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$275,231
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2020
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$929,636
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2003
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$293,067
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2021
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$1,095,475
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2004
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$315,231
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2022
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$1,190,749
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2005
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$335,907
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2023
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$1,126,449
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