Price//
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The average price of a home in the GTA Region was $1,062,256 in July 2021.
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This figure was down by approx. 3% from June 2021.
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The average price increased from last year by approx. 13% ( July 2020).
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Sales Activity//
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With 9,360 sales, volume decreased from last month (June. 2021) by approx. 16%.
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Sales activity was down from last year (July 2020) by approx. 15%.
Market//
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Homes in the Greater Toronto Area sold in 20 days on the market with an average sales to listing price ratio of 4% over asking (104%)
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There is currently 1.1 months of supply on the market which is down from last month (June 2021) at 8%. Inventory is down from last year by approx. 39% (July 2020)
Analysis//
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The market continues to perform at record high levels in terms of sales and average prices.