This Month in Real Estate | July 2023
Stats
Stats
The market is always moving! July 2023 saw a 7.8% increase in sales across all housing styles compared to July 2022. Last month across the Greater Toronto Area also experienced an 11.5% increase in new listings and a 4.2% increase in average selling price to $1,118,374.
Here's how the market looked across the GTA last month:
| Sales | Sale Price | DOM | Average Sale to List Price | |
|---|---|---|---|---|
| Detached | 157 | $1,530,510 | 15 | 100% |
| Semi-Detached | 66 | $1,057,125 | 13 | 103% |
|
Condo Townhomes |
85 | $806,425 | 16 | 101% |
|
Condo Apartments |
138 | $676,903 | 23 | 99% |
| Sales | Sale Price | DOM | Average Sale to List Price | |
|---|---|---|---|---|
| Detached | 81 | $2,101,237 | 20 | 99% |
| Semi-Detached | 2 | $1,131,000 | 5 | 103% |
|
Condo Townhomes |
26 | $1,128,923 | 16 | 94% |
|
Condo Apartments |
30 | $823,263 | 37 | 98% |
|
Freehold Townhomes |
39 | $1,172,333 | 15 | 99% |
| Sales | Sale Price | DOM | Average Sale to List Price | |
|---|---|---|---|---|
| Detached | 94 | $1,531,687 | 16 | 98% |
| Semi-Detached | 14 | $1,045,607 | 9 | 104% |
|
Condo Townhomes |
39 | $841,222 | 20 | 101% |
|
Condo Apartments |
39 | $716,810 | 22 | 99% |
| Sales | Sale Price | DOM | Average Sale to List Price | |
|---|---|---|---|---|
| Detached | 190 | $1,239,909 | 14 | 100% |
| Semi-Detached | 64 | $944,373 | 13 | 103% |
|
Condo Townhomes |
28 | $749,014 | 19 | 103% |
|
Condo Apartments |
26 | $556,481 | 27 | 99% |
|
Freehold Townhomes |
52 | $904,575 | 15 | 104% |
| Sales | Sale Price | DOM | Average Sale to List Price | |
|---|---|---|---|---|
| Detached | 179 | $1,483,704 | 17 | 103% |
| Semi-Detached | 60 | $1,096,655 | 11 | 107% |
|
Condo Townhomes |
42 | $971,771 | 21 | 124% |
|
Condo Apartments |
214 | $675,911 | 22 | 100% |
“Home sales continued to be above last year’s levels in July, which suggests that many households have adjusted to higher borrowing costs. With that being said, it does appear that the sales momentum that we experienced earlier in the spring has stalled somewhat since the Bank of Canada restarted its rate tightening cycle in June. Compounding the impact of higher rates has been the persistent lack of listings for people to purchase compared to previous years,” said Toronto Regional Real Estate Board (TRREB) President Paul Baron.
*DOM = Days on Market
Want to know what these stats mean for you? Send us a message!
Stats
November 13, 2023
Your GTA Market Update!
Home Tips
November 10, 2023
Transform Your Space into a Cozy Haven this Fall
FAQ
August 17, 2023
Your Comprehensive Guide
Stats
August 15, 2023
Your GTA Market Update!
August 2, 2023
Meet the newest members of our family
Stats
July 10, 2023
Here's what's happening across the GTA
Home Tips
June 28, 2023
Top Tips for Summer
February 24, 2023
Here are 9 home resolutions that you should be making for a successful sale in 2023.
We strive to educate and empower our neighbors and clients in making one of their biggest investments, purchasing or selling a home.