July 2024 Real Estate Market Update

GTA REALTORS® reported 5,391 home sales through TRREB's MLS® System in July 2024 - a 3.3 per cent increase compared to 5,220 sales reported in July 2023. New listings entered into the MLS® System amounted to 16,296 - up by 18.5 per cent year-over-year. On a seasonally adjusted basis, July sales and new listings edged lower compared to June
The MLS® Home Price Index Composite benchmark was down by approximately five per cent on a year-over-year basis in July 2024. The average selling price of $1,106,617 was down by 0.9 per cent over the July 2023 result of $1,116,950. On a seasonally adjusted monthly basis, both the MLS® HPI Composite and the average selling price were up slightly compared to June 2024.
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