𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for April 2024 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢
Another month has flown by, and with that an update for May’s activity will be around the corner. In the meantime, let’s recap on what the activity was like last month and how it compares over the same time last year, as well as within the short term.
𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗔𝗽𝗿𝗶𝗹 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝘀 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗠𝗮𝗿𝗰𝗵 𝟮𝟬𝟮𝟰:
◼️ Toronto detached homes average price pretty much flat month over month (up $23k to be exact), and with a 1.9% increase year over year. All other home types flat month over month. Good news however in the condo market, as there were 123 more units sold month over month, along with a slight annual increase in the average price.
◼️ Mississauga detached homes up almost $100,000 month over month, and with the greatest annual gain of the areas in our report at a 5.8% increase over last year. All other home types in Mississauga flat month over month, and down over last year (excluding semi-detached up only by 1%).
◼️ Oakville detached homes average price on an upward trend again, up by $110,000 month over month, and with a 5.2% increase year over year. All other home types flat month over month with the exception of condo townhouses, up slightly. Interestingly, only detached homes in Oakville had experienced an annual gain, as all other home types are down over last year. The most significant decline was in freehold townhouses, down 9.3%
◼️ Burlington detached homes up almost $70,000 month over month and 4.6% over last year. Semi detached and condo townhouses flat month over month, whereas condo townhouses were up $80,000 over March and also experienced the greatest annual increase up by 7.4%.
𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation with us via the form below.
Do you have questions about the Toronto market?
Get in touch here.
