Another Sellers' Market in August!
The annual growth rate in new listings was greater than the annual growth rate in sales, but active listings at the end of August were still down compared to last year. This suggests that sellers’ market conditions remain in place, especially where low-rise home types like singles, semis and townhouses were concerned. It’s encouraging to see annual growth in new listings outstrip annual growth in sales, but we will need to see this for a number of months before market conditions become more balanced.
Here’s a quick look at the numbers. Feel free to share this infographic.
If you are considering buying or selling a home or would like information about real estate in your area, contact a member of our Client Care team at 416.238.1542 or 1.800.362.0893, or email firstname.lastname@example.org. We’d be happy to refer you to a local real estate expert or arrange for a private viewing of homes in and around Toronto!!