➕‘the numbers’ for the last month of 2021 are are in! While December ended with a historically strong sales result, the volume of sales was notably quieter month over month, and down -12% vs. December 2020. New listings continued to decline and were down -14% vs. last year, with active listings reaching their lowest levels in recent years, and -58% vs. December 2020.
It is fair to say that the tight market conditions experienced in December continues to be a reflection a the overall lack of inventory, generally experienced across all home types.
Selling prices in Toronto for all major home types were one again in the double digits with average selling prices for detached houses [+15%], semi-detached houses [+16%], townhouses [+18%], and condos [+17%] vs. December 2020.
Looking to buy or sell a home in Toronto? Average prices in December were: