Toronto Real Estate Statistics

Toronto Real Estate Price Trend
Toronto real estate average sold price in the last 30 days (March 24 - April 22) was $1,095,983, which is $31,253 (2.9%) higher than the average price of $1,064,730 in the previous 30 day period (February 23 - March 23), and $17,434 (1.6%) up from the same period 1 year ago ($1,078,549). Toronto real estate prices over the last 30 days are also $32,065 (2.9%) higher than the average selling price of $1,063,918 over the past year.
Toronto average sold price for homes was $1,609,065 in the last 30 days (March 24 - April 22), which is $31,752 (2.0%) up from the average home price of $1,577,313 in the previous 30 day period (February 23 - March 23), and $34,853 (2.2%) lower than the same period 1 year ago ($1,643,918). In the last 30 days Toronto the average home price was $46,030 (2.9%) higher than the average selling price of $1,563,035 over the last 12 months.
Average Toronto condo sold price over the last 30 days (March 24 - April 22) was $711,213. During this period it was $12,907 (1.8%) up from the average price of condo of $698,306 during the previous 30 days (February 23 - March 23), and $3,032 (0.4%) higher compared to the same period 1 year ago ($708,181). In the last 30 days Toronto the average condo price was $185 (0.0%) higher than the average selling price of $711,028 over the last year.
Average sold price of Toronto townhouse was $1,018,430 in the last 30 days (March 24 - April 22), up $38,120 (3.7%) from the average townhome price of $980,310 over the previous 30 days (February 23 - March 23), and $30,587 (3.0%) lower than during to the same period 1 year ago ($1,049,017). Over the last 30 days the average townhouse price in Toronto was $29,765 (2.9%) higher compared to the average selling price of $988,665 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Toronto real estate was $1,095,983 in the last 30 days (March 24 - April 22), which is collectively $23,441 (2.0%) higher than the average asking price of $1,162,510. This represents an increase of $7,994 (51.8%) compared to $15,447 (1.4%) Sold-Over-Asking price from the previous 30 day period (February 23 - March 23).
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 52.6% with 2,914 properties sold and 4,973 new properties listed in the past 30 days (March 24 - April 22). This represents an increase from 50.9% recorded during the previous 30 day period (February 23 - March 23), and a decrease from 68.9% 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 2,914 properties that were successfully sold in Toronto in the last 30 days (March 24 - April 22) was 18 days, which is 3 days less than 21 days average in the previous 30 day period (February 23 - March 23) and 1 days longer than during the same period a year ago (17 days).
There were 2,930 delisted properties in Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (March 24 - April 22) with an average of 49 days on the market. This is 4 days shorter than the average of 53 days during the previous 30 day period (February 23 - March 23) and 3 days more compared to the same period last year average of 46 days on the market.
2,930 Toronto properties that didn't sell stayed on the market 172.2% longer than 2,914 that sucessfully sold over the last 30 days - 18 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 20.9 days, with 50.3 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
5,535 new properties were listed on the market in Toronto in the last 30 days (March 24 - April 22). During the same time 2,914 properties were sold and 2,930 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 309 properties (or 5.6%).
During the previous 30 day period (February 23 - March 23) there were 4,973 new properties listed, 2,530 sold and 2,169 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 4,610 new listings per month.
New Real Estate Listings by Property Type
There were a total of 1,814 homes listed during the last 30 days (March 24 - April 22), which is 32.8% of all properties listed in Toronto. This is a 14.3% increase compared with a previous 30 day period (February 23 - March 23) and 17.3% up from the same period a year ago. Over the past year an average of 1,552 homes are were listed per month.
3,224 condo units were listed in the last 30 days (March 24 - April 22) in Toronto, which represents 58.2% of all new listings. This is up 11.3% from the prior 30 day period (February 23 - March 23) and 40.5% more compared to the same period last year. There were 2,635 condos listed per month on average during the last 12 months.
497 townhomes were listed over the last 30 days (March 24 - April 22) in Toronto, which is 9.0% of all new real estate inventory. This is a 1.4% more than during the previous 30 day period (February 23 - March 23) and 24.9% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 424 a month.
Real Estate Sales by Property Type
There were a total of 1,154 homes sold during the last 30 days (March 24 - April 22), which is 39.6% of all properties sold in Toronto. This is a 19.1% increase compared with a previous 30 day period (February 23 - March 23) and 9.7% up from the same period a year ago. Over the past year an average of 942 homes are were sold per month.
1,483 condo units were sold in the last 30 days (March 24 - April 22) in Toronto, which represents 50.9% of all sold properties. This is up 14.6% from the prior 30 day period (February 23 - March 23) and 6.3% less compared to the same period last year. There were 1,274 condos sold per month on average during the last 12 months.
277 townhomes were sold over the last 30 days (March 24 - April 22) in Toronto, which is 9.5% of all sold real estate. This is a 3.7% more than during the previous 30 day period (February 23 - March 23) and 3.5% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 250 a month.
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