Toronto Detached Homes Market Update: Sales Surge 34.6% from Jan to July 2024!

Detached homes in Toronto are thriving! Sales increased from 1,745 in January 2024 to 2,349 in July 2024, a 34.6% rise. The average price went up by 8.7%, from $1.35M to $1.468M. New listings surged by 40%, and days on market decreased from 36 to 27 days. Detached homes remain the gold standard in Toronto real estate. Expect this trend to continue, especially when rates drop in the fall. Have questions about the market? Let me know in the comments! #TorontoRealEstate #DetachedHomes #MarketUpdate
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