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Toronto Market Report

July 2020


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Toronto Real Estate Market Update - July 2020

Sylvia Schmidt

Enthusiasm and a zest for life are two of the driving forces behind my real estate practice – and my life...

Enthusiasm and a zest for life are two of the driving forces behind my real estate practice – and my life...

Aug 17 2 minutes read

If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the Toronto market.

Knowing the most important data such as the average sales price, the number of homes sold, and days on market will better prepare you to sell your home.

My July market report showcases everything you need to know about local real estate trends.

Sales activity was extremely strong for the first full month of summer. Normally we would see sales dip in July relative to June as more households take vacation, especially with children out of school. This year, however, was different with pent-up demand from the COVID-19-related lull in April and May being satisfied in the summer, as economic recovery takes firmer hold, including the Stage 3 re-opening. In addition, fewer people are travelling, which has likely translated into more transactions and listings. 

 

$1,017,320

Average Sales Price

21.1% Since same time last year

23

Average Days on Market

1.7

Months of Supply

 

1,541,003

Detached Average 

Sales Price


 25.6% Since same time last year

1,181,014 

Semi-Detached 

Average Sales Price


↑ 20.3% Since same time last year

1,080,388

Row/Townhouse

Average Sales Price


 12.4% Since same time last year

 

682,999

Condo Apartment 

Average Sales Price


 8.8% Since same time last year

724,655

Condo Townhouse 

Average Sales Price


↑ 6.6% Since same time last year


Homes Sold

101%

Sale-to-List Price


Curious about what
your home is worth now?

I'm able to explain what these numbers mean for you and your home's current market value. 

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