Downtown Toronto Real Estate Statistics

Downtown Toronto real estate average sold price in the last 30 days (January 21 - February 19) was $902,482, which is $119,845 (13.3%) higher than the average price of $782,637 in the previous 30 day period (December 22 - January 20), and $142,146 (15.8%) up from the same period 1 year ago ($760,336). Downtown Toronto real estate prices over the last 30 days are also $37,373 (4.1%) higher than the average selling price of $865,109 over the past year.

Downtown Toronto average sold price for homes was $2,194,381 in the last 30 days (January 21 - February 19), which is $195,493 (8.9%) down from the average home price of $2,389,874 in the previous 30 day period (December 22 - January 20), and $1,128,667 (51.4%) higher than the same period 1 year ago ($1,065,714). In the last 30 days Downtown Toronto the average home price was $195,037 (8.9%) lower than the average selling price of $2,389,418 over the last 12 months.

Average Downtown Toronto condo sold price over the last 30 days (January 21 - February 19) was $696,646. During this period it was $1,585 (0.2%) down from the average price of condo of $698,231 during the previous 30 days (December 22 - January 20), and $33,756 (4.8%) lower compared to the same period 1 year ago ($730,402). In the last 30 days Downtown Toronto the average condo price was $33,298 (4.8%) lower than the average selling price of $729,944 over the last year.

Average sold price of Downtown Toronto townhouse was $1,714,823 in the last 30 days (January 21 - February 19), up $439,823 (25.6%) from the average townhome price of $1,275,000 over the previous 30 days (December 22 - January 20), and $992,004 (57.8%) higher than during to the same period 1 year ago ($722,819). Over the last 30 days the average townhouse price in Downtown Toronto was $525,820 (30.7%) higher compared to the average selling price of $1,189,003 over the last 12 months.

Average selling price for Downtown Toronto real estate was $902,482 in the last 30 days (January 21 - February 19), which is collectively $15,986 (1.8%) lower than the average asking price of $873,587. This represents an increase of $7,255 (31.2%) compared to $23,241 (2.8%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

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 23.2% with 266 properties sold and 833 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 20.9% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 49.4% compared to the same period one year ago.

Over the the last year the highest SNLR in Downtown Toronto was 59.4% recorded in December and the lowest was in January at 21.0%. 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 266 properties that were successfully sold in Downtown Toronto in the last 30 days (January 21 - February 19) was 31 days, which is 13 days less than 44 days average in the previous 30 day period (December 22 - January 20) and 3 days shorter than during the same period a year ago (34 days).

There were 586 delisted properties in Downtown Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 72 days on the market. This is 10 days shorter than the average of 82 days during the previous 30 day period (December 22 - January 20) and 7 days less compared to the same period last year average of 79 days on the market.

586 Downtown Toronto properties that didn't sell stayed on the market 132.3% longer than 266 that sucessfully sold over the last 30 days - 31 days when sold vs 72 days when delisted respectively.

Average Days on the Market in Downtown Toronto over the past 12 months for properties that have sold was 28.6 days, with 62.1 days for those properties that did not sell.

1,145 new properties were listed on the market in Downtown Toronto in the last 30 days (January 21 - February 19). During the same time 266 properties were sold and 586 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 293 properties (or 25.6%).

During the previous 30 day period (December 22 - January 20) there were 833 new properties listed, 174 sold and 774 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 480 new listings and a yearly average of 1,211 new listings per month.

There were a total of 47 homes listed during the last 30 days (January 21 - February 19), which is 4.1% of all properties listed in Downtown Toronto. This is a 62.1% increase compared with a previous 30 day period (December 22 - January 20) and 42.4% up from the same period a year ago. Over the past year an average of 56 homes are were listed per month.

1,067 condo units were listed in the last 30 days (January 21 - February 19) in Downtown Toronto, which represents 93.2% of all new listings. This is up 38.2% from the prior 30 day period (December 22 - January 20) and 27.9% more compared to the same period last year. There were 1,107 condos listed per month on average during the last 12 months.

31 townhomes were listed over the last 30 days (January 21 - February 19) in Downtown Toronto, which is 2.7% of all new real estate inventory. This is a 3.1% less than during the previous 30 day period (December 22 - January 20) and 3.3% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 48 a month.

There were a total of 25 homes sold during the last 30 days (January 21 - February 19), which is 9.4% of all properties sold in Downtown Toronto. This is a 212.5% increase compared with a previous 30 day period (December 22 - January 20) and 37.5% down from the same period a year ago. Over the past year an average of 28 homes are were sold per month.

224 condo units were sold in the last 30 days (January 21 - February 19) in Downtown Toronto, which represents 84.2% of all sold properties. This is up 36.6% from the prior 30 day period (December 22 - January 20) and 41.5% less compared to the same period last year. There were 352 condos sold per month on average during the last 12 months.

17 townhomes were sold over the last 30 days (January 21 - February 19) in Downtown Toronto, which is 6.4% of all sold real estate. This is a 750.0% more than during the previous 30 day period (December 22 - January 20) and 15.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 19 a month.