August 2024: Market Update Report

August 2024: Market Update Report

 

Here's your Market Update for the Greater Toronto Area: 

 

Toronto is becoming more affordable.

Greater Toronto Area (GTA) home sales were down on a year-over-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 compared to August 2023.

Properties are spending more time on the market before selling  (57.1% higher days on market).

 

Wishing you life’s greatest luxuries,

COLALILLO Homes and Estates

 

If you are looking to call the Aurora area home, allow us to guide you in finding the perfect residence for your family. Contact us at 647-405-7653 or schedule a 15 min Discovery Call here.

Submitted by: Nancy Elledo, Marketing Manager at COLALILLO Homes and Estates

 

 

 

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