Here are the real estate market stats you need to know for April 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington
Home sales set a new record for April and marked the tenth straight consecutive month of record activity in the GTA!
April 2021 real estate activity amounted to more than quadruple that of April 2020 – however keep in mind that last April was the first full month of the pandemic which distinctly impacted the real estate market at that time.
Noting that the market is still going strong overall, we have seen a slow down in sales volume (not a decline in property values) between March and April of this year.
There are fewer new listings on the market, and with the volume of sales activity that has already taken place this year to date, the slow down in month over month sold activity may be contributed to an exhaustion of the pool of potential buyers within the GTA, as quoted by Toronto Regional Real Estate Board President, Lisa Patel.
Multiple Offers On Detached Homes Across Central Toronto & The West 905
On our end we are still experiencing multiple offers on both our listings and with our Buyers – especially for in-demand detached homes in Central Toronto as well all home types across the west 905 areas.
Condos have seen a rebound in activity as anticipated, and consumer confidence in the condo market is also prevalent in pre-construction developments with demand surpassing supply, and hot projects selling out in minimal time.
See the full details of the market activity by home type within our update – click on each image to view!
Thinking of buying or selling?
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