April 2023 – GTA Housing Market News
Here is our quick market update for the Toronto Real Estate Board and Milton area.
Conditions continue to tighten across the GTA with nearly 40% fewer listings hitting the market, despite roughly the same number of sales. Driving buyers into competition more and more The Average sale price of all home types across the GTA was $1,153,000, down 7.8% from this time last year. In Milton, the average sale price was $1,118,000 and homes are selling for roughly 101% of asking. Average Days on the market was steady at about 13 days. Months of inventory in Milton continue to hover around 1.7 months, meaning we are still firmly in a seller’s market.
If you have any inquiries regarding the market or your specific property, please do not hesitate to contact us at any time. We are here to assist you.
Milton Real Estate Market
The average price in Milton $1,118,827
Burlington Real Estate Market
The average price in Burlington $1,149,169
Oakville Real Estate Market
The average price in Oakville $1,580,110