New Street March 2021 GTA Region Real Estate Market Report //
Price//
-
The average price of a home in the GTA Region was $1,097,565 in March 2021.
-
This figure was up by approx. 5% from Feb. 2021.
-
The average price increased from last year by approx. 22% ( Mar. 2020).
Sales Activity//
-
With 15,652 sales, volume increased from last month (Feb. 2021) by approx. 43%.
-
Sales activity was up from last year (Mar. 2020) by approx. 97%.
Market//
-
Homes in the Greater Toronto Area sold in 13 days on the market with an average sales to listing price ratio of 7% over asking (107%)
-
There is currently 1.4 months of supply on the market which is down from last month (Feb. 2021) at 6.7%. Inventory is down from last year by approx. 26% (Feb. 2020)
Analysis//
-
The market continues to perform at record high levels in terms of sales and average prices.