06.8.22 | For Buyers

Housing Market Insight May 2022

May 2022 – GTA Housing Market News

What is going on with the real estate market?

Here are the May stats:

  • The average sale price in the GTA is $1,212,806
  • Interest rates have increased and the market has become more balanced
  • Buyers are able to be more selective in their purchase and have more negotiating power
  • For Sellers it is important to know that not all homes are selling in this market. Some are moving quickly whereas others are sitting for weeks or months.

Milton Real Estate Market

The average price in Milton $1,178,100

Burlington Real Estate Market

The average price in Burlington $1,123,300

Oakville Real Estate Market

The average price in Oakville $1,510,300

The average price in GTA $1,212,806

Have questions about the market? Contact us today to learn more!

Previous Reports on GTA Housing Market News

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