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2 days ago · The average GTA home price was $1,107,291 in September 2024 for a 3.1% increase from the previous month’s price of $1,074,425 in August 2024. On an annual basis, the GTA’s average home price is down 1.1%. The median home price, often considered a more transparent indicator of market trends, was $950,000 in September 2024.
The MLS® Home Price Index Composite benchmark was down by 4.6 per cent year-over-year in September 2024. Average Selling Price: In September 2024, the average selling price for homes across the GTA was approximately $1.107 million, down from $1.118 million in September 2023. Price Trends by Property Type:
4 days ago · Average Price Trends: As of September 2024, the average price of detached homes in Toronto has decreased by 1.2% year-over-year, bringing the average to approximately $1.42 million. This decline reflects ongoing market adjustments amid rising interest rates and economic uncertainties. Comparative Market Performance:
The MLS® Home Price Index Composite benchmark was down by 4.6 per cent year-over-year in September 2024. The average selling price, at $1,107,291 was down by a lesser one per cent compared to the September 2023 average of $1,118,215. On a seasonally adjusted basis, the average selling price edged up slightly compared to August.
The average price for a house in September 2024 was $1,332,940, down 2% from the same month last year. The median house price in September was $1,150,000, down 3% over last year. The median is calculated by ordering all the sale prices in a given month and then selecting the price at the midpoint of that list such that half of all home sales are above that price and half are below that price.
Oct 13, 2024 · With the exception of townhouses, which declined by 0.9%, semi-detached home prices rose by an impressive 6.3%, condos by 1.2%, and detached home prices by 0.6%. So on a year-over-over basis, prices for all properties were down in September 2024, but on a shorter monthly time-frame, most of them trended up.
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Sep 10, 2024 · GTA REALTORS® Release August 2024 Stats. TORONTO, ONTARIO, September 5, 2024 – Greater Toronto Area (GTA) home sales were down on a yearover-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing market remained well-supplied in August, average home prices only edged slightly lower ...
