Greater Toronto Area home sales up 7% in April as prices shrink: real estate board
Home sales in the Greater Toronto Area rose 7% in April from the same month last year, while the average selling price fell 4.9% to $1,051,969. The Toronto Regional Real Estate Board reported 5,946 homes were sold, with all housing types seeing increased activity.
The Toronto Regional Real Estate Board reported that 5,946 homes were sold in the Greater Toronto Area in April, a 7% increase from the same month last year. The average selling price was $1,051,969, down 4.9% from April last year. Sales increased 6.1% on a seasonally adjusted basis from March. There were 17,097 new listings, down 9.3% from last year, and 25,110 total active listings, a 6.4% decrease. All housing types saw more activity, led by a 9.2% year-over-year increase in detached home sales and a 9.1% increase in condo sales. The upswing in condo sales could signal a turnaround for that segment, with improved affordability opening opportunities for first-time buyers.
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