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Resale Home Market in the City of Toronto (December 2023)
Resale Home Market in the City of Toronto (December 2023)
In December, the average selling price for detached in Toronto was $1.63 million, marking a year-on-year decrease of 0.1%, but there was a 0.6% increase compared to the previous month. Condo town and condo apart had average selling prices of $930k and $710k, respectively. Condo town saw an 19.5% year-on-year increase, while condo apart experienced a 4.4% decrease compared to last year.
Sales of both detached and semi-detached houses saw a decrease of approximately 20% compared to November of this year. Sales ratios for various property types all hovered above 60%, with Semi-Detached reaching 154%. Additionally, the quantity of available housing inventory in the market showed varying degrees of decrease compared to November of the previous year.
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