By: Corrie Harding-Keizs

The housing bubble won't burst -- here's the latest! 

Tags: homes, market report, port credit, port credit real estate, mineola, mineola west, Toronto, Toronto real estate

Last month, started off with a bang (as expected), and there's no slow insight (yep, you read that right). There is a lot to cover - let's jump right in! 

 
  • The average sale price is up a total of +28.6%, making the average selling price, +$1,242,793
  • The average home increased by approximately +$276K (in just one year)
  • Homes are selling in approximately 13 days
  • The total number of listing hitting MLS is down -15.5%

What's the result? A continued low number of homes being listed for sale on MLS (low inventory) and many buyers actively looking for homes (high demand) has resulted in multiple offers situations and intense competition. As a result, inventory is the lowest it's been in two decades!

There are still deals to be found and with no slow insight if you are considering making a move this year...Let's talk about your options. ??

 

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