GTA home sales faced challenges in September due to high borrowing costs, inflation, and economic uncertainty. Despite increased listings, the average selling price showed resilience, up year-over-year.
REALTORS® reported 4,642 home sales, down 7.1% from September 2022, with ground-oriented homes seeing a more pronounced decline.
New listings surged compared to last year, both year-over-year and month-over-month, offering hope for the market's future.
The MLS® Home Price Index (HPI) Composite benchmark rose 2.4% YoY, while the average selling price increased by 3%, with only a slight month-over-month dip.
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