End of Winter Market Update ??
?? Here are the latest real estate numbers for the Greater Toronto Area!
Quick overview:?
?? ANNUAL COMPARISON: Compared to February 2023, the average property price across the board held on with a slight increase of +1.1% with the average property price at $1,108,720
?? MONTHLY COMPARISON: Between February 2024 and January 2024, the GTA stats are trending upwards for both sales volumes and housing prices. Sales volumes increased by +32.7% and the average property price on a month-to-month comparison increased by +6.9%. Another positive trend for property owners and current sellers is that every single property type saw average price increases ranging from a +1.2% increase for condos to a +8.2% increase for semi-detached homes.
?? While there are many opportunities throughout the GTA, our current market is ideal for purchasing real estate. Housing prices, for the most part, remain a bit soft and if you have been waiting for interest rate hikes to stop while still taking advantage of softer real estate prices, this is the market to make that move.
?? Visit https://bit.ly/February2024MarketUpdate or click on the link below for tips on buying or selling in our current market & what to expect in 2024 ??