TRREB Market Report Highlights - December 2024
A Transitional Year for 2024. Well Supplied Market.
Buyer Negotiating Power.
- GTA homes sales in December 2024 amounted to 3,359 - down slightly from December 2023
- The average home price in the GTA reached $1,067,186 - also a slight decrease from $1,084,757 in December 2023
- New listings were up by 20.2 percent, amounting to 4,681 - continuing the trend of a well-supplied market
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Overall, 2024 was a transitional year for the GTA housing market. New listings were up significantly year-over-year, while homes sales were up marginally compared to 2023.
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Many buyers benefitted from substantial negotiating power on price, which resulted in average selling prices in 2024 taking a dip.
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December 2024 vs. December 2023
December 2024 vs. November 2024
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