The New Street March 2019 Greater Toronto Region Real Estate Report //
📊 The average price of a home in the Greater Toronto Region was $788,335 in March 2019
📊 This figure is up by 1% from the previous month of February
📊 Up 2.7% from March 2018
📊 Down 16.3% from March 2017 (when the market was getting heated)
📊 12.7% jump from 3 years ago in 2016.
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📊 Sales volume was up from last month by 43% and consistent with last year March
📊 Down by 68% from March 2017 and 42% from March 2016
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📊 It currently takes 21 days to sell a home on average, this is down 16% from last month and 5% longer than in March 2018. 52% longer when compared to March 2017.
📊 Homes are selling for 99% of the asking price.
📊There is currently 2.7 months of supply on the market which is consistent with last month but up 17% from March 2018
Watch Selena Pollard Scott from our team break it down in this short video: