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Donald Bilodeau

Mr. Real Estate Toronto Market BRIEF


Toronto Realtor with eleven years of experience ready to serve buyers and sellers in their real estate transaction.
Mr. Real Estate Toronto, Donald Bilodeau, Sutton Group Associates Realty Inc., will sell your property for the best price.

Top 4 Highlights from Toronto’s Real Estate Activity in September 2024

 

  1. New listings rose this month to 18,059, up 10.5% from September 2023

  2. Currently there are 25612 active listings in Toronto, an increase of 35.5% from the same time last year.

  3. Listings are lasting 27 days on the market, an increase of 35% over September 2023.

  4. Average price of homes dropped by 1% compared to same time last year, from $1,118,215 to $1,107,291.

 

The Product Breakdown by AREA CODE reveals more insights!

 

In the 416

  • Average Price for Detached Homes dropped by -2.4%, currently $1,685,755

  • Average Price for Semi-detached homes increased by +1.3%, currently $1,299,324

  • Average Price for Townhomes decreased by -1.7%, currently $978,343

  • Average Price for Condo apartments fell -3.5%, currently $707,917

 

In the 905

  • Average Price for Detached Homes dropped by -0.5%, currently $1,333,394

  • Average Price for Semi-detached homes decreased by -2%, currently $949,609

  • Average Price for Townhomes dropped by -4.1%, currently $887,023

  • Average Price for Condo apartments fell -4.1%, currently $633,606

 

The Monthly Comparison from August to September 2024 signals that the market is rebounding cautiously.

 

  1. Sales Activity increased slightly by 22 listings.

  2. Average home price increased by $32,866.

  3. New listings shot up by 5,542.

  4. Average days on market reduced by one day.

 

What does this mean for Sellers and Buyers?

 

I advise sellers to put their place on the market now, ahead of the holiday season when fewer buyers are actively looking. The well-kept home in a desirable neighbourhood will sell well this fall.

 

I advise buyers to start shopping today because the best inventory sells quickly, within 10 business days, and it’s still a buyer’s market. Buyers can negotiate and avoid bidding wars by moving quickly and confidently.  

  • Get your mortgage pre-approval today and have your deposit ready to make an offer.

 

Call or Text Donald Bilodeau, Mr. Real Estate Toronto, at 416-476-3554 or send me an email at donald@donaldbilodeau.com. I want to work for you!

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