Stable Prices, Low Inventory, Fewer Transactions
GTA Real Estate Remains in a Holding Pattern
for Fourth Consecutive Month
While typically a quiet month of market activity based on seasonal patterns, November home sale and new listing totals lagged below the Greater Toronto Area’s long-term averages.
Average months of available inventory have plateaued since the summer, with only 2.3 months of inventory currently available for sale. With a low number of homes for sale in the region, sale prices remain stable at an average of just under $1.1m, a number that has remained relatively unchanged since August of 2022. MORE
