DECEMBER 2024 UPDATE: THE GTA & DURHAM REGION REAL ESTATE MARKET
Posted by Dan Plowman on
Welcome to our final market update of 2024! As the year wrapped up, both the Greater Toronto Area (GTA) and Durham Region showed clear signs of stabilization in the housing market, with some segments performing stronger than others. Let’s dive into the highlights from December 2024.
GTA Market Insights
(Overview of the GTA stats you provided, focusing on key trends like annual sales increases, buyer negotiating power, and average selling prices.)
Durham Region Market Highlights
Durham Region ended the year on a strong note, with average sale prices increasing month-over-month, despite a sharp drop in sales and new listings compared to November.
Key Metrics
- Average Sale Price: $930,207
- Days on Market: 30 (up from 24 in November)
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