October 2024 brought a notable rise in GTA home sales, up by a strong 44.4% year-over-year with 6,658 homes sold! New listings also rose by 4.3%, though at a slower rate, creating tighter market conditions. 📊🏘️
The average selling price increased slightly to $1,135,215, up 1.1% from October 2023, while the MLS® Home Price Index Composite benchmark was down by 3.3% year-over-year. On a seasonally adjusted basis, both sales and prices showed growth over September, indicating an active and competitive market. 💼🔍
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 October 2024 Market Report reel on Instagram and see how the trends affect you. 🏡
Yours in real estate,
Bolton & Clements Real Estate Group