Throughout April, the Toronto Market witnessed a fluctuating landscape in options sales: down year-over-year yet showing a modest increase from the previous month. The average sale price for all types of homes in the GTA stood at $1,156,000, indicating a slight uptick from the prior year. Despite this, homes are still commanding an average of 102% of their asking price.

Active listings experienced a notable surge, jumping over 74% compared to the same period last year. While this offered buyers a wider array of choices, many are adopting a wait-and-see approach in anticipation of potential interest rate adjustments.

In the Milton area specifically, the market presents a distinct scenario. With a mere two months of inventory available, the average sale price hovers around $1.1 million, with homes typically selling slightly above their asking price, averaging at 101%.

Should you have any inquiries concerning your particular property or neighbourhood, please don’t hesitate to get in touch. We’re here to provide support and guidance every step of the way.