In April, the GTA witnessed an increase in new listings, seeing 18,088 properties available for sale. Notably, this is the highest April inventory in the city since 2018. More properties for sale is welcome news for buyers who have been grappling with inventory scarcity in the preceding years.
More listings resulted in an 8% increase in sales last month compared to March. This represents the highest level of sales activity we have seen this year, and the highest number of sales since June of 2023. Against this backdrop, the average sales price for the month reached $1,156,167, a modest uptick of a quarter of a percent compared to the preceding year.
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