📊 Toronto Real Estate Market Report - June 2024 🏠
Key Highlights • Overall Market Activity: • 📉 Sales: 7,466 homes sold in June 2024, a decrease of 10.5% compared to June 2023. • 📈 New Listings: 15,679 new listings, up by 3.1% year-over-year. • 📉 Active Listings: Total active listings were 16,592, a 7.6% increase from June 2023. • Average Selling Price: • 📊 Overall: $1,164,284, a slight decrease of 1.1% from June 2023. • 🏡 Detached Homes: $1,405,813, down by 2.3%. • 🏘️ Semi-Detached Homes: $1,080,762, a 0.5% increase. • 🏢 Townhouses: $972,360, up by 1.9%. • 🏙️ Condos: $745,231, a minor decrease of 0.4%. • Regional Insights: • City of Toronto: • 📉 Sales: 2,584 homes sold, a 13.7% decline. • 📉 Average Price: $1,177,905, down by 0.8%. • Rest of GTA: • 📉 Sales: 4,882 homes sold, a 8.9% decrease. • 📉 Average Price: $1,156,194, a 1.3% drop. • Home Types Breakdown: • Detached Homes: • 📉 Sales: Decreased by 12.4%. • 📉 Average Price: Down by 2.3%. • Semi-Detached Homes: • 📉 Sales: Declined by 9.8%. • 📈 Average Price: Up by 0.5%. • Townhouses: • 📉 Sales: Reduced by 10.2%. • 📈 Average Price: Increased by 1.9%. • Condominiums: • 📉 Sales: Dropped by 10.9%. • 📉 Average Price: Slight decrease of 0.4%. • Days on Market: • ⏳ Average Days on Market: 19 days, up from 17 days in June 2023. • Months of Inventory: • 📦 Months of Inventory: 2.2 months, indicating a balanced market, compared to 2.0 months last year. Source: June 2024 Toronto Housing Market Charts