Toronto Real Estate Statistics

Toronto Real Estate Price Trend
Toronto real estate average sold price in the last 30 days (December 22 - January 20) was $1,017,838, which is $25,975 (2.6 %) lower than the average price of $1,043,813 in the previous 30 day period (November 22 - December 21), and $167,804 (16.5 %) up from the same period 1 year ago ($850,034). Toronto real estate prices over the last 30 days are also $18,996 (1.9 %) lower than the average selling price of $1,036,834 over the past year.
Toronto average sold price for homes was $1,863,477 in the last 30 days (December 22 - January 20), which is $131,168 (7.0 %) up from the average home price of $1,732,309 in the previous 30 day period (November 22 - December 21), and $399,987 (21.5 %) higher than the same period 1 year ago ($1,463,490). In the last 30 days Toronto the average home price was $243,836 (13.1 %) higher than the average selling price of $1,619,641 over the last 12 months.
Average Toronto condo sold price over the last 30 days (December 22 - January 20) was $730,265. During this period it was $6,235 (0.9 %) up from the average price of condo of $724,030 during the previous 30 days (November 22 - December 21), and $120,607 (16.5 %) higher compared to the same period 1 year ago ($609,658). In the last 30 days Toronto the average condo price was $39,881 (5.5 %) higher than the average selling price of $690,384 over the last year.
Average sold price of Toronto townhouse was $1,142,745 in the last 30 days (December 22 - January 20), up $73,298 (6.4 %) from the average townhome price of $1,069,447 over the previous 30 days (November 22 - December 21), and $326,162 (28.5 %) higher than during to the same period 1 year ago ($816,583). Over the last 30 days the average townhouse price in Toronto was $198,522 (17.4 %) higher compared to the average selling price of $944,223 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Toronto real estate was $1,017,838 in the last 30 days (December 22 - January 20), which is collectively $48,006 (4.4 %) higher than the average asking price of $1,102,626. This represents an increase of $1,560 (3.4 %) compared to $46,446 (4.3 %) Sold-Over-Asking price from the previous 30 day period (November 22 - December 21).
The maximum Sold Over/Under Asking ratio in Toronto during the last 12 months was recorded in April, 2021 with an average of $68,680 over the asking price, while the minimum occurring in January, 2021 with $5,411 above 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 72.8 % with 1,422 properties sold and 2,729 new properties listed in the past 30 days (December 22 - January 20). This represents a decrease from 92.7 % recorded during the previous 30 day period (November 22 - December 21), and a decrease from 95.3 % compared to the same period one year ago.
Over the the last year the highest SNLR in Toronto was 107.3 % recorded in December and the lowest was in September at 63.7 %. 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 1,422 properties that were successfully sold in Toronto in the last 30 days (December 22 - January 20) was 22 days, which is 5 days more than 17 days average in the previous 30 day period (November 22 - December 21) and 8 days shorter than during the same period a year ago (30 days).
There were 802 delisted properties in Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (December 22 - January 20) with an average of 66 days on the market. This is 11 days longer than the average of 55 days during the previous 30 day period (November 22 - December 21) and 3 days less compared to the same period last year average of 69 days on the market.
802 Toronto properties that didn't sell stayed on the market 200.0 % longer than 1,422 that sucessfully sold over the last 30 days - 22 days when sold vs 66 days when delisted respectively.
Average Days on the Market in Toronto over the past 12 months for properties that have sold was 15.5 days, with 42.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
1,953 new properties were listed on the market in Toronto in the last 30 days (December 22 - January 20). During the same time 1,422 properties were sold and 802 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 271 properties (or 13.9 %).
During the previous 30 day period (November 22 - December 21) there were 2,729 new properties listed, 2,529 sold and 1,205 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 7,296 new properties listed, the slowest - December with 1,872 new listings and a yearly average of 4,889 new listings per month.
New Real Estate Listings by Property Type
There were a total of 601 homes listed during the last 30 days (December 22 - January 20), which is 30.8 % of all properties listed in Toronto. This is a 37.1 % decline compared with a previous 30 day period (November 22 - December 21) and 11.7 % down from the same period a year ago. Over the past year an average of 1,778 homes are were listed per month.
1,163 condo units were listed in the last 30 days (December 22 - January 20) in Toronto, which represents 59.5 % of all new listings. This is down 24.0 % from the prior 30 day period (November 22 - December 21) and 24.6 % less compared to the same period last year. There were 2,587 condos listed per month on average during the last 12 months.
189 townhomes were listed over the last 30 days (December 22 - January 20) in Toronto, which is 9.7 % of all new real estate inventory. This is a 22.2 % less than during the previous 30 day period (November 22 - December 21) and 13.3 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 524 a month.
Real Estate Sales by Property Type
There were a total of 319 homes sold during the last 30 days (December 22 - January 20), which is 22.4 % of all properties sold in Toronto. This is a 56.7 % decline compared with a previous 30 day period (November 22 - December 21) and 46.3 % down from the same period a year ago. Over the past year an average of 1,326 homes are were sold per month.
988 condo units were sold in the last 30 days (December 22 - January 20) in Toronto, which represents 69.5 % of all sold properties. This is down 38.3 % from the prior 30 day period (November 22 - December 21) and 33.3 % less compared to the same period last year. There were 2,020 condos sold per month on average during the last 12 months.
115 townhomes were sold over the last 30 days (December 22 - January 20) in Toronto, which is 8.1 % of all sold real estate. This is a 39.5 % less than during the previous 30 day period (November 22 - December 21) and 54.2 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 397 a month.
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
Would you like to rate us on Google?
Yes
73060686