Toronto Real Estate Statistics

Toronto real estate average sold price in the last 30 days (June 26 - July 25) was $1,056,358, which is $97,535 (9.2%) lower than the average price of $1,153,893 in the previous 30 day period (May 27 - June 25), and $28,781 (2.7%) up from the same period 1 year ago ($1,027,577). Toronto real estate prices over the last 30 days are also $10,470 (1.0%) lower than the average selling price of $1,066,828 over the past year.

Toronto average sold price for homes was $1,526,585 in the last 30 days (June 26 - July 25), which is $107,943 (7.1%) down from the average home price of $1,634,528 in the previous 30 day period (May 27 - June 25), and $35,723 (2.3%) higher than the same period 1 year ago ($1,490,862). In the last 30 days Toronto the average home price was $21,020 (1.4%) lower than the average selling price of $1,547,605 over the last 12 months.

Average Toronto condo sold price over the last 30 days (June 26 - July 25) was $696,374. During this period it was $34,007 (4.9%) down from the average price of condo of $730,381 during the previous 30 days (May 27 - June 25), and $25,851 (3.7%) lower compared to the same period 1 year ago ($722,225). In the last 30 days Toronto the average condo price was $11,288 (1.6%) lower than the average selling price of $707,662 over the last year.

Average sold price of Toronto townhouse was $937,626 in the last 30 days (June 26 - July 25), down $78,408 (8.4%) from the average townhome price of $1,016,034 over the previous 30 days (May 27 - June 25), and $67,417 (7.2%) higher than during to the same period 1 year ago ($870,209). Over the last 30 days the average townhouse price in Toronto was $43,337 (4.6%) lower compared to the average selling price of $980,963 over the last 12 months.

Average selling price for Toronto real estate was $1,056,358 in the last 30 days (June 26 - July 25), which is collectively $6,276 (0.6%) lower than the average asking price of $1,084,965. This represents a decline of $12,455 (201.6%) compared to $6,179 (0.5%) Sold-Over-Asking price from the previous 30 day period (May 27 - June 25).

The maximum Sold Over/Under Asking ratio in Toronto during the last 12 months was recorded in May, 2024 with an average of $21,886 over the asking price, while the minimum occurring in December, 2023 with $34,248 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 37.5% with 2,164 properties sold and 6,901 new properties listed in the past 30 days (June 26 - July 25). This represents a decrease from 39.4% recorded during the previous 30 day period (May 27 - June 25), and a decrease from 75.4% 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.

The Average Days on the Market (DOM) for 2,164 properties that were successfully sold in Toronto in the last 30 days (June 26 - July 25) was 22 days, which is 3 days more than 19 days average in the previous 30 day period (May 27 - June 25) and 5 days longer than during the same period a year ago (17 days).

There were 4,459 delisted properties in Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (June 26 - July 25) with an average of 48 days on the market. This is 4 days longer than the average of 44 days during the previous 30 day period (May 27 - June 25) and 7 days more compared to the same period last year average of 41 days on the market.

4,459 Toronto properties that didn't sell stayed on the market 118.2% longer than 2,164 that sucessfully sold over the last 30 days - 22 days when sold vs 48 days when delisted respectively.

Average Days on the Market in Toronto over the past 12 months for properties that have sold was 21.9 days, with 52.2 days for those properties that did not sell.

5,778 new properties were listed on the market in Toronto in the last 30 days (June 26 - July 25). During the same time 2,164 properties were sold and 4,459 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 845 properties (or 14.6%).

During the previous 30 day period (May 27 - June 25) there were 6,901 new properties listed, 2,717 sold and 4,179 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 7,156 new properties listed, the slowest - December with 1,478 new listings and a yearly average of 4,926 new listings per month.

There were a total of 1,795 homes listed during the last 30 days (June 26 - July 25), which is 31.1% of all properties listed in Toronto. This is a 28.3% decline compared with a previous 30 day period (May 27 - June 25) and 10.5% up from the same period a year ago. Over the past year an average of 1,634 homes are were listed per month.

3,473 condo units were listed in the last 30 days (June 26 - July 25) in Toronto, which represents 60.1% of all new listings. This is down 7.6% from the prior 30 day period (May 27 - June 25) and 15.0% more compared to the same period last year. There were 2,843 condos listed per month on average during the last 12 months.

510 townhomes were listed over the last 30 days (June 26 - July 25) in Toronto, which is 8.8% of all new real estate inventory. This is a 19.9% less than during the previous 30 day period (May 27 - June 25) and 17.8% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 448 a month.

There were a total of 868 homes sold during the last 30 days (June 26 - July 25), which is 40.1% of all properties sold in Toronto. This is a 26.9% decline compared with a previous 30 day period (May 27 - June 25) and 38.9% down from the same period a year ago. Over the past year an average of 898 homes are were sold per month.

1,054 condo units were sold in the last 30 days (June 26 - July 25) in Toronto, which represents 48.7% of all sold properties. This is down 16.4% from the prior 30 day period (May 27 - June 25) and 44.2% less compared to the same period last year. There were 1,134 condos sold per month on average during the last 12 months.

242 townhomes were sold over the last 30 days (June 26 - July 25) in Toronto, which is 11.2% of all sold real estate. This is a 9.7% less than during the previous 30 day period (May 27 - June 25) and 53.2% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 235 a month.