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