AUGUST 2024 UPDATE: THE GTA & DURHAM REGION REAL ESTATE MARKET
Posted by Dan Plowman on
Welcome back to our monthly real estate market update, where we examine the latest developments across the Greater Toronto Area (GTA) and Durham Region. August 2024 presented a slight dip in sales activity compared to last year, while new listings saw a modest rise. Let’s break down the key insights for both the GTA and Durham Region.
GTA Market Insights:
Sales Activity: In August 2024, GTA home sales reached 4,975, marking a 5.3% decrease compared to 5,251 sales in August 2023. Despite this drop, seasonally adjusted figures showed a slight increase in sales compared to July. Meanwhile, new listings edged up by 1.5%, with 12,547 new properties entering the market. This increase in listings provided buyers with more choices, but the inventory remains…
502 Views, 0 Comments