The real estate market in North York for all property types saw a slight decrease in the average sale price from $990,472 in October to $999,048 in November. However, when compared to the same month last year, there has been a 2% decrease in average sale price from $1,021,190. The number of properties sold also decreased slightly from 367 in October to 371 in November, indicating a stable market activity. The average days on market remained consistent at 34 days, suggesting that properties are selling at a steady pace.

The sales price to list price ratio remained at 99% for both October and November, indicating that sellers are pricing their properties competitively and buyers are willing to pay close to the asking price. The benchmark price for all property types in North York decreased by 2% over the past year, reflecting a slight cooling in the market. Overall, the data suggests a balanced market in North York for all property types, with stable prices and consistent market activity benefiting both buyers and sellers.

Read the full article on: Toronto Regional Real Estate Board