November 2023 : Despite a 6% decline in home sales (4,236 transactions), the market saw a 16.5% surge in new listings, providing more options for buyers.
The average selling price held steady at $1,082,179, exhibiting stability year-over-year. Economic uncertainties and borrowing costs continue to influence the market dynamics.
On a positive note, month-over-month sales increased slightly, while new listings saw a 5.5% decrease. The MLS® Home Price Index Composite benchmark, however, showed a 1.7% dip on a seasonally adjusted basis.
Are you wondering what this means for the value of your home?
Give us a call on 416-786-0035 or dm @boltonandclements and we'll provide you with expert advice on what this means to you specifically.
Yours in real estate,
Bolton & Clements Real Estate Group