Toronto Real Estate Statistics

Toronto real estate average sold price in the last 30 days (February 23 - March 24) was $1,029,324, which is $35,465 (3.4%) lower than the average price of $1,064,789 in the previous 30 day period (January 24 - February 22), and $156,310 (15.2%) down from the same period 1 year ago ($1,185,634). Toronto real estate prices over the last 30 days are also $63,887 (6.2%) lower than the average selling price of $1,093,211 over the past year.

Toronto average sold price for homes was $1,563,112 in the last 30 days (February 23 - March 24), which is $65,843 (4.2%) down from the average home price of $1,628,955 in the previous 30 day period (January 24 - February 22), and $255,778 (16.4%) lower than the same period 1 year ago ($1,818,890). In the last 30 days Toronto the average home price was $38,175 (2.4%) lower than the average selling price of $1,601,287 over the last 12 months.

Average Toronto condo sold price over the last 30 days (February 23 - March 24) was $711,193. During this period it was $9,358 (1.3%) up from the average price of condo of $701,835 during the previous 30 days (January 24 - February 22), and $92,011 (12.9%) lower compared to the same period 1 year ago ($803,204). In the last 30 days Toronto the average condo price was $21,487 (3.0%) lower than the average selling price of $732,680 over the last year.

Average sold price of Toronto townhouse was $973,696 in the last 30 days (February 23 - March 24), down $417 (0.0%) from the average townhome price of $974,113 over the previous 30 days (January 24 - February 22), and $125,290 (12.9%) lower than during to the same period 1 year ago ($1,098,986). Over the last 30 days the average townhouse price in Toronto was $33,970 (3.5%) lower compared to the average selling price of $1,007,666 over the last 12 months.

Average selling price for Toronto real estate was $1,029,324 in the last 30 days (February 23 - March 24), which is collectively $4,604 (0.4%) higher than the average asking price of $1,121,648. This represents an increase of $18,530 (133.1%) compared to $13,926 (1.2%) Sold-Under-Asking price from the previous 30 day period (January 24 - February 22).

The maximum Sold Over/Under Asking ratio in Toronto during the last 12 months was recorded in March, 2022 with an average of $129,706 over the asking price, while the minimum occurring in December, 2022 with $29,821 below the asking price.

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 63.1% with 2,515 properties sold and 3,330 new properties listed in the past 30 days (February 23 - March 24). This represents an increase from 55.9% recorded during the previous 30 day period (January 24 - February 22), and a decrease from 69.2% compared to the same period one year ago.

Over the the last year the highest SNLR in Toronto was 86.9% recorded in December and the lowest was in January at 42.1%. 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.

The Average Days on the Market (DOM) for 2,515 properties that were successfully sold in Toronto in the last 30 days (February 23 - March 24) was 20 days, which is 2 days less than 22 days average in the previous 30 day period (January 24 - February 22) and 11 days longer than during the same period a year ago (9 days).

There were 1,686 delisted properties in Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (February 23 - March 24) with an average of 47 days on the market. This is 12 days shorter than the average of 59 days during the previous 30 day period (January 24 - February 22) and 21 days more compared to the same period last year average of 26 days on the market.

1,686 Toronto properties that didn't sell stayed on the market 135.0% longer than 2,515 that sucessfully sold over the last 30 days - 20 days when sold vs 47 days when delisted respectively.

Average Days on the Market in Toronto over the past 12 months for properties that have sold was 18.8 days, with 44.8 days for those properties that did not sell.

3,987 new properties were listed on the market in Toronto in the last 30 days (February 23 - March 24). During the same time 2,515 properties were sold and 1,686 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 214 properties (or 5.4%).

During the previous 30 day period (January 24 - February 22) there were 3,330 new properties listed, 1,860 sold and 1,666 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 6,668 new properties listed, the slowest - December with 1,465 new listings and a yearly average of 4,360 new listings per month.

There were a total of 1,308 homes listed during the last 30 days (February 23 - March 24), which is 32.8% of all properties listed in Toronto. This is a 15.9% increase compared with a previous 30 day period (January 24 - February 22) and 41.9% down from the same period a year ago. Over the past year an average of 1,586 homes are were listed per month.

2,321 condo units were listed in the last 30 days (February 23 - March 24) in Toronto, which represents 58.2% of all new listings. This is up 20.4% from the prior 30 day period (January 24 - February 22) and 26.9% less compared to the same period last year. There were 2,354 condos listed per month on average during the last 12 months.

358 townhomes were listed over the last 30 days (February 23 - March 24) in Toronto, which is 9.0% of all new real estate inventory. This is a 31.1% more than during the previous 30 day period (January 24 - February 22) and 40.6% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 419 a month.

There were a total of 872 homes sold during the last 30 days (February 23 - March 24), which is 34.7% of all properties sold in Toronto. This is a 28.2% increase compared with a previous 30 day period (January 24 - February 22) and 40.1% down from the same period a year ago. Over the past year an average of 888 homes are were sold per month.

1,425 condo units were sold in the last 30 days (February 23 - March 24) in Toronto, which represents 56.7% of all sold properties. This is up 40.3% from the prior 30 day period (January 24 - February 22) and 38.6% less compared to the same period last year. There were 1,187 condos sold per month on average during the last 12 months.

218 townhomes were sold over the last 30 days (February 23 - March 24) in Toronto, which is 8.7% of all sold real estate. This is a 32.9% more than during the previous 30 day period (January 24 - February 22) and 45.1% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 223 a month.