Market Watch - March 2019
Friday Apr 05th, 2019Share
March 2019 Market Watch
Data from the Toronto Real Estate Board reported 7,187 homes sold in March, just 1 sale less than reported in March 2018 (7,188), indicating a flat market. Sales were not flat across all the GTA. Sales in the suburbs were up by 5% while sales in Toronto were down by 9%. The year-over-year drop in sales in Toronto could be blamed on the condo market which had sales drop 14%. March new listings were down by 5.1% year-over-year.
The average price for March sales was up by 0.5% to $788,335. The average selling price for Q1 2019 was up by 1.1% year-over-year. The inventory is limited.
For more information on your area or for a free estimate of your property, please contact Otilia at 905.399.1154 or firstname.lastname@example.org.
In this video, Jason Mercer, Director of Market Analysis at TREB, discusses the Market Watch Report for March 2019. https://youtu.be/UVx6s1ge1S0
Source: Toronto Real Estate Board - http://www.trebhome.com/files/market-stats/market-watch/mw1903.pdf