Market Report Update! ⁣

Home sales soared with lower borrowing costs, and new listings increased, setting the stage for potential spring price growth.

TRREB reported 4,223 sales, up by one-third from 2022, while new listings rose around 6%. Tighter market conditions suggest a dynamic landscape for buyers.

Month-over-month, both sales and listings increased, signaling evolving market dynamics. In January 2024, the MLS® HPI Composite was down <1% YoY, and the average selling price dipped 1% to $1,026,703.

Are you wondering what this means for the value of your home?

Give us a call on 416-786-0035 or dm @boltonandclements and we'll provide you with expert advice on what this means to you specifically.

Yours in real estate,

Bolton & Clements Real Estate Group