APRIL 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 April 2024 have presented some unique changes and trends worth noting:
GTA Market Insights:
-
Sales Activity: April 2024 home sales were down in comparison to April 2023, which saw a temporary resurgence in market activity. GTA REALTORS® reported 7,114 sales through the Toronto Regional Real Estate Board (TRREB) MLS® System in April 2024 – a 5% decrease compared to April 2023. Despite this, new listings surged by 47.2% year-over-year, providing increased choice for home buyers.
-
Home Prices: The MLS® Home Price Index (HPI) Composite benchmark was down by less than 1% year-over-year. However, the average selling…
794 Views, 0 Comments