Toronto Real Estate Statistics

Toronto real estate average sold price in the last 30 days (September 1 - September 30) was $1,107,904, which is $111,151 (10.0%) higher than the average price of $996,753 in the previous 30 day period (August 2 - August 31), and $51,681 (4.7%) up from the same period 1 year ago ($1,056,223). Toronto real estate prices over the last 30 days are also $44,573 (4.0%) higher than the average selling price of $1,063,331 over the past year.

Toronto average sold price for homes was $1,596,747 in the last 30 days (September 1 - September 30), which is $45,600 (2.9%) up from the average home price of $1,551,147 in the previous 30 day period (August 2 - August 31), and $115,639 (7.2%) higher than the same period 1 year ago ($1,481,108). In the last 30 days Toronto the average home price was $16,312 (1.0%) higher than the average selling price of $1,580,435 over the last 12 months.

Average Toronto condo sold price over the last 30 days (September 1 - September 30) was $709,165. During this period it was $9,052 (1.3%) up from the average price of condo of $700,113 during the previous 30 days (August 2 - August 31), and $28,884 (4.1%) lower compared to the same period 1 year ago ($738,049). In the last 30 days Toronto the average condo price was $3,157 (0.4%) lower than the average selling price of $712,322 over the last year.

Average sold price of Toronto townhouse was $1,000,373 in the last 30 days (September 1 - September 30), up $81,453 (8.1%) from the average townhome price of $918,920 over the previous 30 days (August 2 - August 31), and $6,134 (0.6%) lower than during to the same period 1 year ago ($1,006,507). Over the last 30 days the average townhouse price in Toronto was $20,183 (2.0%) higher compared to the average selling price of $980,190 over the last 12 months.

Average selling price for Toronto real estate was $1,107,904 in the last 30 days (September 1 - September 30), which is collectively $3,085 (0.3%) higher than the average asking price of $1,215,474. This represents an increase of $3,589 (712.1%) compared to $504 (0.0%) Sold-Under-Asking price from the previous 30 day period (August 2 - August 31).

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, 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 31.2% with 2,030 properties sold and 4,208 new properties listed in the past 30 days (September 1 - September 30). This represents a decrease from 54.0% recorded during the previous 30 day period (August 2 - August 31), and a decrease from 44.5% 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 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 2,030 properties that were successfully sold in Toronto in the last 30 days (September 1 - September 30) was 19 days, which is 0 days more than 19 days average in the previous 30 day period (August 2 - August 31) and 2 days shorter than during the same period a year ago (21 days).

There were 3,557 delisted properties in Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (September 1 - September 30) with an average of 49 days on the market. This is 4 days longer than the average of 45 days during the previous 30 day period (August 2 - August 31) and 7 days less compared to the same period last year average of 56 days on the market.

3,557 Toronto properties that didn't sell stayed on the market 157.9% longer than 2,030 that sucessfully sold over the last 30 days - 19 days when sold vs 49 days when delisted respectively.

Average Days on the Market in Toronto over the past 12 months for properties that have sold was 19.6 days, with 48.1 days for those properties that did not sell.

6,497 new properties were listed on the market in Toronto in the last 30 days (September 1 - September 30). During the same time 2,030 properties were sold and 3,557 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 910 properties (or 14.0%).

During the previous 30 day period (August 2 - August 31) there were 4,208 new properties listed, 2,271 sold and 2,856 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 1,465 new listings and a yearly average of 4,236 new listings per month.

There were a total of 2,425 homes listed during the last 30 days (September 1 - September 30), which is 37.3% of all properties listed in Toronto. This is a 92.6% increase compared with a previous 30 day period (August 2 - August 31) and 48.3% up from the same period a year ago. Over the past year an average of 1,475 homes are were listed per month.

3,483 condo units were listed in the last 30 days (September 1 - September 30) in Toronto, which represents 53.6% of all new listings. This is up 36.2% from the prior 30 day period (August 2 - August 31) and 53.0% more compared to the same period last year. There were 2,382 condos listed per month on average during the last 12 months.

589 townhomes were listed over the last 30 days (September 1 - September 30) in Toronto, which is 9.1% of all new real estate inventory. This is a 50.6% more than during the previous 30 day period (August 2 - August 31) and 40.2% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 379 a month.

There were a total of 847 homes sold during the last 30 days (September 1 - September 30), which is 41.7% of all properties sold in Toronto. This is a 18.3% increase compared with a previous 30 day period (August 2 - August 31) and 11.7% up from the same period a year ago. Over the past year an average of 907 homes are were sold per month.

985 condo units were sold in the last 30 days (September 1 - September 30) in Toronto, which represents 48.5% of all sold properties. This is down 21.9% from the prior 30 day period (August 2 - August 31) and 0.2% more compared to the same period last year. There were 1,262 condos sold per month on average during the last 12 months.

198 townhomes were sold over the last 30 days (September 1 - September 30) in Toronto, which is 9.8% of all sold real estate. This is a 32.7% less than during the previous 30 day period (August 2 - August 31) and 5.9% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 244 a month.