Toronto Real Estate Statistics

Toronto Real Estate Price Trend
Toronto real estate average sold price in the last 30 days (September 6 - October 5) was $1,060,545, which is $41,336 (3.9 %) higher than the average price of $1,019,209 in the previous 30 day period (August 7 - September 5), and $22,351 (2.1 %) down from the same period 1 year ago ($1,082,896). Toronto real estate prices over the last 30 days are also $55,266 (5.2 %) lower than the average selling price of $1,115,812 over the past year.
Toronto average sold price for homes was $1,504,402 in the last 30 days (September 6 - October 5), which is $10,699 (0.7 %) up from the average home price of $1,493,703 in the previous 30 day period (August 7 - September 5), and $126,257 (8.4 %) lower than the same period 1 year ago ($1,630,659). In the last 30 days Toronto the average home price was $205,941 (13.7 %) lower than the average selling price of $1,710,343 over the last 12 months.
Average Toronto condo sold price over the last 30 days (September 6 - October 5) was $729,497. During this period it was $14,800 (2.0 %) up from the average price of condo of $714,697 during the previous 30 days (August 7 - September 5), and $18,625 (2.6 %) higher compared to the same period 1 year ago ($710,872). In the last 30 days Toronto the average condo price was $18,748 (2.6 %) lower than the average selling price of $748,245 over the last year.
Average sold price of Toronto townhouse was $992,946 in the last 30 days (September 6 - October 5), up $62,067 (6.3 %) from the average townhome price of $930,879 over the previous 30 days (August 7 - September 5), and $59,809 (6.0 %) higher than during to the same period 1 year ago ($933,137). Over the last 30 days the average townhouse price in Toronto was $50,940 (5.1 %) lower compared to the average selling price of $1,043,886 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Toronto real estate was $1,060,545 in the last 30 days (September 6 - October 5), which is collectively $18,061 (1.5 %) lower than the average asking price of $1,223,786. This represents an increase of $5,940 (24.7 %) compared to $24,001 (2.2 %) Sold-Under-Asking price from the previous 30 day period (August 7 - September 5).
The maximum Sold Over/Under Asking ratio in Toronto during the last 12 months was recorded in February, 2022 with an average of $140,500 over the asking price, while the minimum occurring in August, 2022 with $27,457 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 44.3 % with 2,074 properties sold and 3,109 new properties listed in the past 30 days (September 6 - October 5). This represents a decrease from 60.6 % recorded during the previous 30 day period (August 7 - September 5), and a decrease from 64.2 % 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 July at 42.9 %. 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 2,074 properties that were successfully sold in Toronto in the last 30 days (September 6 - October 5) was 21 days, which is 0 days more than 21 days average in the previous 30 day period (August 7 - September 5) and 7 days longer than during the same period a year ago (14 days).
There were 2,749 delisted properties in Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (September 6 - October 5) with an average of 53 days on the market. This is 1 days shorter than the average of 54 days during the previous 30 day period (August 7 - September 5) and 9 days more compared to the same period last year average of 44 days on the market.
2,749 Toronto properties that didn't sell stayed on the market 152.4 % longer than 2,074 that sucessfully sold over the last 30 days - 21 days when sold vs 53 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 41.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
4,680 new properties were listed on the market in Toronto in the last 30 days (September 6 - October 5). During the same time 2,074 properties were sold and 2,749 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 143 properties (or 3.1 %).
During the previous 30 day period (August 7 - September 5) there were 3,109 new properties listed, 1,885 sold and 2,540 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 1,872 new listings and a yearly average of 4,641 new listings per month.
New Real Estate Listings by Property Type
There were a total of 1,808 homes listed during the last 30 days (September 6 - October 5), which is 38.6 % of all properties listed in Toronto. This is a 74.3 % increase compared with a previous 30 day period (August 7 - September 5) and 14.1 % down from the same period a year ago. Over the past year an average of 1,687 homes are were listed per month.
2,430 condo units were listed in the last 30 days (September 6 - October 5) in Toronto, which represents 51.9 % of all new listings. This is up 38.9 % from the prior 30 day period (August 7 - September 5) and 24.2 % less compared to the same period last year. There were 2,497 condos listed per month on average during the last 12 months.
442 townhomes were listed over the last 30 days (September 6 - October 5) in Toronto, which is 9.4 % of all new real estate inventory. This is a 37.3 % more than during the previous 30 day period (August 7 - September 5) and 27.7 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 456 a month.
Real Estate Sales by Property Type
There were a total of 816 homes sold during the last 30 days (September 6 - October 5), which is 39.3 % of all properties sold in Toronto. This is a 18.6 % increase compared with a previous 30 day period (August 7 - September 5) and 43.3 % down from the same period a year ago. Over the past year an average of 1,000 homes are were sold per month.
1,052 condo units were sold in the last 30 days (September 6 - October 5) in Toronto, which represents 50.7 % of all sold properties. This is up 3.0 % from the prior 30 day period (August 7 - September 5) and 46.2 % less compared to the same period last year. There were 1,535 condos sold per month on average during the last 12 months.
206 townhomes were sold over the last 30 days (September 6 - October 5) in Toronto, which is 9.9 % of all sold real estate. This is a 17.0 % more than during the previous 30 day period (August 7 - September 5) and 49.5 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 272 a month.
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