*This is an update for Toronto as a whole and things can look very different between different areas and home types. If you would like to dig deeper into the numbers that matter more to you, please book a call with me here.
Key Takeaways:
Prices are up.
Sales are up.
New Listings are up.
The market is finally starting to feel the affects of the rate cuts as buyer activity picks up.
Around now, sellers with stale listings will start to take them down with the intention of re-listing next year when the market picks up more.
New listings that come to market from now until the end of the year are likely being listed by desperate sellers that need to sell creating opportunity for buyers.
Looking at numbers after the first week of September, Toronto Freehold homes are in a Balance Market at 2.8 Months Of Inventory and Toronto Condos are up in a Buyers Market at 5.1 Months Of Inventory.
Data below.
