September 2024 saw a positive shift in the GTA housing market, with home sales up 8.5% year-over-year, totaling 4,996. Buyers are starting to take advantage of more affordable conditions thanks to interest rate cuts and lower home prices. 📊🏘️
New listings surged by 10.5%, providing even more options for buyers. The average selling price was $1,107,291, down just 1% compared to last year, while the MLS® Home Price Index Composite benchmark dropped by 4.6%. On a seasonally adjusted basis, both sales and prices edged up from August, signaling growing buyer activity. 💼🔍
Are you wondering what this means for the value of your home? DM us @boltonandclements, and we'll provide you with expert advice on what this means for you specifically. 🏡🔍
Watch our September 2024 Market Report reel on Instagram and see how the trends affect you. 🏡
Yours in real estate,
Bolton & Clements Real Estate Group