April Market Report: The status after one full month of quarantine.

Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020:

Home Sales and Listings
• Greater Toronto Area REALTORS® reported 2,975 residential transactions through TRREB’s MLS®
System. This result was down by 67 per cent compared to April 2019. Weekday sales remained within a relatively steady range during the month, averaging 130 per day.
• New listings amounted to 6,174 in April 2020 – down on a year-over-year basis by a similar rate compared to sales (-64.1 per cent).

Home Prices
• The average selling price for April 2020 transactions was $821,392 – up by 0.1 per cent compared to the average price of $820,373 reported for April 2019. The semi-detached and townhouse market segments experienced annual average price growth above the rate of inflation. The condominium apartment and detached segments experienced year-over-year price declines on average.

Via TREB. View the full report here.

 

All statistics via Toronto MLS Market Watch.

 

No Comments

Post A Comment

Sign up for custom property updates.

 

There's no reason to miss out on what could be your dream home. Sign up for automatic property updates and get new listings that match your criteria sent directly to your inbox.