November 2019 Market Snapshot

Dated: December 4 2019

Views: 1

❗️November 2019 Market Snapshot ❗️

As market conditions continued to tighten in November 2019, with increased sales up against an increasingly constrained supply of listings, the annual rate of price growth continued to accelerate. 

The number of new listing reported on the MLS system was down 17.9 per cent year-over-year and active listings were down 27.2 per cent.

The average selling price increased by 7.1 per cent year-over-year to $843,637.  Both the MLS home price index and the average selling price for the TREB market area as a whole experienced the strongest annual rates of price growth for the year in November.

Are you a buyer in the GTA? Contact me today to find out what these numbers mean to you and how I can help you in this highly competitive market!

Blog author image

Lindsay Reimers

As a real estate professional, I believe in personalized service and solid communication. I have been a full-time, full-service Realtor for 9 years now with sales across Toronto and the Greater Toront....

Latest Blog Posts

September 2020 Market Snapshot

                                                      ❗️

Read More

September 2017 Market Snapshot

Market Snapshot for the City of Toronto’s real estate sales for September 2017. Overall prices have had a modest increase (5.85%) year over year, with condo units actually seeing the biggest

Read More

August 2020 Market Snapshot!

❗️August 2020 Market Snapshot ❗️                                      &ldquo

Read More

August 2020 Market Snapshot

❗️August 2020 Market Snapshot ❗️“Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth and job creation, and the

Read More