The GTA housing market tightened in May, with home sales rising 6.3% year over year while new listings fell 18.9%. As inventory continues to be absorbed, competition among buyers is increasing in many neighbourhoods. 📈🏘️
The average selling price came in at $1,069,700, down 4.6% from last year, while the MLS® HPI benchmark declined 6.7%. 💼🔍
Compared to April, sales increased 10% and new listings declined 2.1%, signalling continued tightening market conditions across the GTA. 📊
Curious what this means for your next move? Reach out to @boltonandclements for insights tailored to your real estate goals. 🏡✨