Toronto Real Estate Statistics

Toronto Real Estate Price Trend
Toronto real estate average sold price in the last 30 days (February 17 - March 17) was $1,071,999, which is $81,019 (7.6%) higher than the average price of $990,980 in the previous 30 day period (January 18 - February 16), and $15,130 (1.4%) up from the same period 1 year ago ($1,056,869). Toronto real estate prices over the last 30 days are also $10,154 (0.9%) higher than the average selling price of $1,061,845 over the past year.
Toronto average sold price for homes was $1,578,557 in the last 30 days (February 17 - March 17), which is $84,311 (5.3%) up from the average home price of $1,494,246 in the previous 30 day period (January 18 - February 16), and $32,249 (2.0%) lower than the same period 1 year ago ($1,610,806). In the last 30 days Toronto the average home price was $13,136 (0.8%) higher than the average selling price of $1,565,421 over the last 12 months.
Average Toronto condo sold price over the last 30 days (February 17 - March 17) was $698,801. During this period it was $9,251 (1.3%) up from the average price of condo of $689,550 during the previous 30 days (January 18 - February 16), and $16,369 (2.3%) lower compared to the same period 1 year ago ($715,170). In the last 30 days Toronto the average condo price was $12,439 (1.8%) lower than the average selling price of $711,240 over the last year.
Average sold price of Toronto townhouse was $992,946 in the last 30 days (February 17 - March 17), up $108,669 (10.9%) from the average townhome price of $884,277 over the previous 30 days (January 18 - February 16), and $3,514 (0.4%) lower than during to the same period 1 year ago ($996,460). Over the last 30 days the average townhouse price in Toronto was $5,900 (0.6%) higher compared to the average selling price of $987,046 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Toronto real estate was $1,071,999 in the last 30 days (February 17 - March 17), which is collectively $12,137 (1.1%) higher than the average asking price of $1,104,166. This represents an increase of $15,830 (428.6%) compared to $3,693 (0.3%) Sold-Under-Asking price from the previous 30 day period (January 18 - February 16).
The maximum Sold Over/Under Asking ratio in Toronto during the last 12 months was recorded in May, 2023 with an average of $43,786 over the asking price, while the minimum occurring in December, 2023 with $34,248 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Toronto was 50.1% with 2,332 properties sold and 3,952 new properties listed in the past 30 days (February 17 - March 17). This represents a decrease from 54.4% recorded during the previous 30 day period (January 18 - February 16), and a decrease from 63.8% compared to the same period one year ago.
Over the the last year the highest SNLR in Toronto was 94.7% recorded in December and the lowest was in September at 31.2%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 2,332 properties that were successfully sold in Toronto in the last 30 days (February 17 - March 17) was 22 days, which is 6 days less than 28 days average in the previous 30 day period (January 18 - February 16) and 1 days longer than during the same period a year ago (21 days).
There were 2,045 delisted properties in Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (February 17 - March 17) with an average of 57 days on the market. This is 13 days shorter than the average of 70 days during the previous 30 day period (January 18 - February 16) and 9 days more compared to the same period last year average of 48 days on the market.
2,045 Toronto properties that didn't sell stayed on the market 159.1% longer than 2,332 that sucessfully sold over the last 30 days - 22 days when sold vs 57 days when delisted respectively.
Average Days on the Market in Toronto over the past 12 months for properties that have sold was 20.8 days, with 49.9 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
4,653 new properties were listed on the market in Toronto in the last 30 days (February 17 - March 17). During the same time 2,332 properties were sold and 2,045 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 276 properties (or 5.9%).
During the previous 30 day period (January 18 - February 16) there were 3,952 new properties listed, 2,150 sold and 2,097 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 6,497 new properties listed, the slowest - December with 1,478 new listings and a yearly average of 4,555 new listings per month.
New Real Estate Listings by Property Type
There were a total of 1,452 homes listed during the last 30 days (February 17 - March 17), which is 31.2% of all properties listed in Toronto. This is a 26.3% increase compared with a previous 30 day period (January 18 - February 16) and 25.4% up from the same period a year ago. Over the past year an average of 1,543 homes are were listed per month.
2,738 condo units were listed in the last 30 days (February 17 - March 17) in Toronto, which represents 58.8% of all new listings. This is up 11.8% from the prior 30 day period (January 18 - February 16) and 27.6% more compared to the same period last year. There were 2,597 condos listed per month on average during the last 12 months.
463 townhomes were listed over the last 30 days (February 17 - March 17) in Toronto, which is 10.0% of all new real estate inventory. This is a 31.5% more than during the previous 30 day period (January 18 - February 16) and 45.1% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 415 a month.
Real Estate Sales by Property Type
There were a total of 907 homes sold during the last 30 days (February 17 - March 17), which is 38.9% of all properties sold in Toronto. This is a 20.0% increase compared with a previous 30 day period (January 18 - February 16) and 10.5% up from the same period a year ago. Over the past year an average of 940 homes are were sold per month.
1,179 condo units were sold in the last 30 days (February 17 - March 17) in Toronto, which represents 50.6% of all sold properties. This is down 0.9% from the prior 30 day period (January 18 - February 16) and 9.1% less compared to the same period last year. There were 1,293 condos sold per month on average during the last 12 months.
246 townhomes were sold over the last 30 days (February 17 - March 17) in Toronto, which is 10.5% of all sold real estate. This is a 20.6% more than during the previous 30 day period (January 18 - February 16) and 28.1% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 249 a month.
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