TRREB Market Report Highlights - April 2024
Buyers Benefit From Greater Choice and
Little Movement in Selling Prices!
- Compared to last April, the GTA real estate market saw a 5% dip in home sales.
- Despite this slowdown, TRREB reports a mammoth 47.2% increase in new listings which has helped keep the average selling prices stable.
- The average selling price in the GTA rose slightly by 0.3 percent at $1,156,167 due to the equilibrium between supply and demand helping to balance out the market.
- Buyers currently in the market to make a purchase are benefitting from greater choice with little movement in selling prices compared to last year.
- As we move through the Spring, the anticipated interest rate cuts may soon materialize. We anticipate increased demand for home ownership once the first cut is announced.
Want more details? Check out TRREB's full report here.
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April 2024 vs. April 2023
April 2024 vs. March 2024
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