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Down 4.6% year-over-year
- The Greater Toronto Area’s benchmark home price for September 2024 was $1,068,700, down 4.6% year-over-year. The average home sold price in the GTA decreased 1.1% year-over-year to $1,107,291 for September 2024.
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What's happening in the GTA housing market in September 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. This is a 2.7% increase month-over-month, but it is still down 1.0% year-over-year.
Sales are up, listings are up, mortgage rates are down, and there’s a slight relief for buyers with some lower home prices in some areas of the GTA. The GTA remains a treacherous sales environment for buyers and sellers, but mostly for buyers.
Sep 5, 2024 · The average selling price was down 0.8 per cent compared with August 2023 at $1,074,425. The composite benchmark price, which aims to represent typical homes, was down 4.6 per cent...
Up-to-date real estate trends & stats for Toronto. Research sales history, average house & condo prices, current listing inventory, and total active listings.
# BedsSep 28 - Oct 263 Mo Ago6 Mo Ago2 Bd$1.2M +7%$1.1M$1.1M3 Bd$1.4M -3%$1.4M$1.5M4 Bd$2.2M +11%$2.0M$2.3M5 Bd$3.1M -12%$4.1M$2.8MMar 3, 2023 · GTA home prices fell 18 per cent annually in February, says Toronto real estate board. But a lack of inventory could heat up the market all over again.
Apr 12, 2024 · Housing prices in the GTA are expected to rise 10 per cent this year and will likely surpass those in Greater Vancouver by the end of 2024, according to an updated forecast by Royal LePage.
GTA REALTORS® reported 4,996 home sales through TRREB’s MLS® System in September 2024 – up by 8.5 per cent compared to 4,606 sales reported in September 2023. New listings entered into the MLS® System amounted to 18,089 – up by an even greater 10.5 per cent year-over-year.