The GTA housing market gained traction in April, with home sales rising 7% year over year while new listings declined 9.3%, pointing to tightening conditions as the spring market unfolds. 📈🏘️
Despite this shift, buyers are still benefiting from choice and negotiating power. The average selling price came in at $1,051,969, down 4.9% year over year, while the MLS® HPI benchmark declined 6.6%. 💼🔍
On a month over month basis, both sales and listings increased compared to March, with sales rising at a faster pace. This could signal growing competition in certain neighbourhoods as we move deeper into the spring market. 📊
Market Update Alert! 🏡📊
