The real estate market is currently experiencing a high level of activity, with many buyers competing for a limited number of properties. This has led to a situation where multiple offers are common, as buyers try to outbid each other in order to secure their desired home. The inventory of available properties is also relatively short, which is exacerbating the situation and driving up prices in some areas. For sellers, this is a great time to put their properties on the market as demand is high, but for buyers, it can be challenging to find and secure the right property in a competitive market.
Some highlights of March 2023 real estate activity:
| March Stats | 2022 | 2023 | CHANGE |
| Total Transactions | 10,862 | 6,896 | – 36.5% |
| Average Selling Price | $ 1,298,666 | $ 1,108,606 | – 14,6% |
| Total new Listings | 20,061 | 11,184 | – 44.3% |
Following are the actual sales numbers in March Greater Toronto Area’s major cities compared to March 2022 sales activity: Click the images below to zoom in:
Toronto West
Toronto Central
Toronto East
Durham
Halton
Peel
York
