MARCH 2024 UPDATE: NAVIGATING THE GTA & DURHAM REGION REAL ESTATE MARKET
Posted by Dan Plowman on
Welcome back to our in-depth real estate market update for the Greater Toronto Area (GTA) and Durham Region. The dynamics of March 2024 have presented some unique changes and trends worth noting:
GTA Market Insights:
Sales Activity: March 2024 witnessed a shift in the GTA real estate market. Despite a 4.5% decrease in home sales compared to March 2023, there was still enough competition among buyers to push up the average price. REALTORS® reported 6,560 sales through TRREB’s MLS® System. Interestingly, this decrease could be partially attributed to the Good Friday holiday occurring in March this year, unlike last year when it fell in April.
Home Prices: The average selling price in the GTA rose moderately by 1.3% from last year to $1,121,615.…
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