Downtown Toronto Real Estate Statistics

Downtown Toronto real estate average sold price in the last 30 days (November 2 - December 1) was $811,798, which is $162,444 (20.0%) lower than the average price of $974,242 in the previous 30 day period (October 3 - November 1), and $75,260 (9.3%) down from the same period 1 year ago ($887,058). Downtown Toronto real estate prices over the last 30 days are also $42,110 (5.2%) lower than the average selling price of $853,908 over the past year.

Downtown Toronto average sold price for homes was $2,273,068 in the last 30 days (November 2 - December 1), which is $989,499 (43.5%) down from the average home price of $3,262,567 in the previous 30 day period (October 3 - November 1), and $134,646 (5.9%) higher than the same period 1 year ago ($2,138,422). In the last 30 days Downtown Toronto the average home price was $53,971 (2.4%) higher than the average selling price of $2,219,097 over the last 12 months.

Average Downtown Toronto condo sold price over the last 30 days (November 2 - December 1) was $678,301. During this period it was $44,920 (6.6%) down from the average price of condo of $723,221 during the previous 30 days (October 3 - November 1), and $76,223 (11.2%) lower compared to the same period 1 year ago ($754,524). In the last 30 days Downtown Toronto the average condo price was $54,140 (8.0%) lower than the average selling price of $732,441 over the last year.

Average sold price of Downtown Toronto townhouse was $1,076,148 in the last 30 days (November 2 - December 1), down $264,724 (24.6%) from the average townhome price of $1,340,872 over the previous 30 days (October 3 - November 1), and $7,512 (0.7%) higher than during to the same period 1 year ago ($1,068,636). Over the last 30 days the average townhouse price in Downtown Toronto was $46,185 (4.3%) lower compared to the average selling price of $1,122,333 over the last 12 months.

Average selling price for Downtown Toronto real estate was $811,798 in the last 30 days (November 2 - December 1), which is collectively $18,125 (2.1%) lower than the average asking price of $866,236. This represents a decline of $3,022 (20.0%) compared to $15,103 (1.6%) Sold-Under-Asking price from the previous 30 day period (October 3 - November 1).

The maximum Sold Over/Under Asking ratio in Downtown Toronto during the last 12 months was recorded in April, 2024 with an average of $2,611 over the asking price, while the minimum occurring in August, 2024 with $28,778 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Downtown Toronto was 41.3% with 412 properties sold and 1,122 new properties listed in the past 30 days (November 2 - December 1). This represents a decrease from 42.4% recorded during the previous 30 day period (October 3 - November 1), and an increase from 31.9% compared to the same period one year ago.

Over the the last year the highest SNLR in Downtown Toronto was 71.1% recorded in December and the lowest was in September at 24.0%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 412 properties that were successfully sold in Downtown Toronto in the last 30 days (November 2 - December 1) was 33 days, which is 1 days more than 32 days average in the previous 30 day period (October 3 - November 1) and 8 days longer than during the same period a year ago (25 days).

There were 842 delisted properties in Downtown Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (November 2 - December 1) with an average of 71 days on the market. This is 9 days longer than the average of 62 days during the previous 30 day period (October 3 - November 1) and 18 days more compared to the same period last year average of 53 days on the market.

842 Downtown Toronto properties that didn't sell stayed on the market 115.2% longer than 412 that sucessfully sold over the last 30 days - 33 days when sold vs 71 days when delisted respectively.

Average Days on the Market in Downtown Toronto over the past 12 months for properties that have sold was 28.5 days, with 62.6 days for those properties that did not sell.

997 new properties were listed on the market in Downtown Toronto in the last 30 days (November 2 - December 1). During the same time 412 properties were sold and 842 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 257 properties (or 25.8%).

During the previous 30 day period (October 3 - November 1) there were 1,122 new properties listed, 476 sold and 917 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 1,683 new properties listed, the slowest - December with 367 new listings and a yearly average of 1,168 new listings per month.

There were a total of 46 homes listed during the last 30 days (November 2 - December 1), which is 4.6% of all properties listed in Downtown Toronto. This is a 39.5% decline compared with a previous 30 day period (October 3 - November 1) and 9.8% down from the same period a year ago. Over the past year an average of 54 homes are were listed per month.

905 condo units were listed in the last 30 days (November 2 - December 1) in Downtown Toronto, which represents 90.8% of all new listings. This is down 8.3% from the prior 30 day period (October 3 - November 1) and 3.3% more compared to the same period last year. There were 1,067 condos listed per month on average during the last 12 months.

46 townhomes were listed over the last 30 days (November 2 - December 1) in Downtown Toronto, which is 4.6% of all new real estate inventory. This is a 22.0% less than during the previous 30 day period (October 3 - November 1) and 21.1% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 46 a month.

There were a total of 29 homes sold during the last 30 days (November 2 - December 1), which is 7.0% of all properties sold in Downtown Toronto. This is a 27.5% decline compared with a previous 30 day period (October 3 - November 1) and 7.4% up from the same period a year ago. Over the past year an average of 29 homes are were sold per month.

361 condo units were sold in the last 30 days (November 2 - December 1) in Downtown Toronto, which represents 87.6% of all sold properties. This is down 11.3% from the prior 30 day period (October 3 - November 1) and 33.7% more compared to the same period last year. There were 361 condos sold per month on average during the last 12 months.

22 townhomes were sold over the last 30 days (November 2 - December 1) in Downtown Toronto, which is 5.3% of all sold real estate. This is a 24.1% less than during the previous 30 day period (October 3 - November 1) and 100.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 20 a month.