The GTA housing market picked up momentum in March, with sales up 1.7% year over year while new listings dropped 16.7%, tightening overall market conditions heading into spring. 📈🏘️
With fewer listings available, buyers saw some relief on pricing. The average selling price came in at $1,017,796, down 6.7% year over year, while the MLS® HPI benchmark dipped 7.4%. 💼🔍
On a month over month basis, both sales and listings increased compared to February, with sales rising at a slightly faster pace. Prices remained relatively stable, showing signs of a more balanced market. 📊
Market Update Alert! 🏡📊
