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Last Updated – November 2024
In January of 2025, the average price for Condos in Toronto C01 is estimated to be 750,074 CAD. This represents a 4.2% decrease from the average price in December of 2024, which was 784,474 CAD. In comparison to January of 2024, the average price has decreased by 6.9% from 804,488 CAD. This decrease in average price may be attributed to various factors such as economic conditions and supply and demand dynamics in the real estate market.
The average number of days on market for Condos in Toronto C01 for January of 2025 is estimated to be 43 days. This is a slight decrease from the previous month of December of 2024, which had an average of 44 days on market. In comparison to January of 2024, there has been an increase of 2 days in the average days on market. This indicates that Condos in Toronto C01 may be taking slightly longer to sell in January of 2025.
In terms of sales, January of 2025 is estimated to have 160 Condo transactions in Toronto C01. This is a significant increase from the previous month of December of 2024, which had 126 sales. However, there has been a decrease of 16.7% in sales from January of 2024, which had 192 transactions. This may indicate a slight decrease in demand for Condos in Toronto C01 in January of 2025.
New listings for Condos in Toronto C01 are estimated to be 760 in January of 2025. This is a significant increase from the previous month of December of 2024, which had 252 new listings. In comparison to January of 2024, there has been an increase of 42.7% in new listings. This increase in new listings may indicate an increase in supply, potentially giving buyers more options and negotiation power in January of 2025.
The number of active listings for Condos in Toronto C01 in January of 2025 is estimated to be 1167. This is a slight increase from the previous month of December of 2024, which had 1029 active listings. However, there has been an increase of 45.4% in active listings from January of 2024, which had 804 active listings. This may indicate a potentially more competitive market for sellers in January of 2025, as there are more active listings available for buyers to choose from.
The months of inventory for Condos in Toronto C01 in January of 2025 is estimated to be 7.3. This is an increase from the previous month of December of 2024, which had 8.2 months of inventory. However, there has been an increase from January of 2024, which had 4.2 months of inventory. This indicates that in January of 2025, the real estate market for Condos in Toronto C01 may be in a more buyer’s market with more inventory available, compared to the previous two years.
” “In January of 2025, the average price for a CONDO TOWNHOUSE in Toronto C01 is expected to be $1,117,056 according to the Toronto Real Estate Market Watch. This represents a significant increase of over 8% compared to the average price in January of 2024, which was $884,500. It also marks a 8% increase from the average price in December of 2024, which was $1,032,250. This indicates a continuing trend of rising prices in the Toronto real estate market, with CONDO TOWNHOUSES in high demand.
The number of days on market for CONDO TOWNHOUSES in Toronto C01 is also expected to decrease in January of 2025. The average days on market for January of 2025 is projected to be 30, a 12% decrease from January of 2024 (42 days) and a minor decrease of 3% from December of 2024 (31 days). This suggests that CONDO TOWNHOUSES are being bought and sold at a faster rate, possibly due to their desirability and competitive market conditions.
Sales of CONDO TOWNHOUSES in Toronto C01 are expected to increase in January of 2025. The projected number of sales is 9, which is a 12.5% increase from both January of 2024 (8 sales) and December of 2024 (8 sales). This suggests that buyer demand for CONDO TOWNHOUSES will remain strong in the Toronto market in January of 2025.
In terms of new listings, January of 2025 is expected to see a significant increase in comparison to previous years. The projected number of new listings for CONDO TOWNHOUSES in Toronto C01 in January of 2025 is 39, a 105% increase from January of 2024 (19 new listings) and a massive 225% increase from December of 2024 (12 new listings). This indicates that there will be more options available for buyers in the market, possibly leading to more competition among sellers.
The number of active listings for CONDO TOWNHOUSES in Toronto C01 is not expected to change significantly from previous years. January of 2025 is projected to have 52 active listings, the same as both January and December of 2024. This suggests a relatively stable market in terms of the number of available properties for sale.
Based on the data, the Toronto real estate market for CONDO TOWNHOUSES in January of 2025 is expected to be a balanced market, with a relatively equal number of active listings and sales. The current supply and demand levels are expected to result in a “Months of Inventory” of around 5, which is slightly higher than the balanced market threshold of 3. This indicates that there will be some negotiation power for buyers, but the relatively low “Months of Inventory” also suggests that sellers may still have some leverage in the market. ” “
In January of year 2025, the average price for Condos in Toronto C14 is estimated to be $653,796. This represents a decrease of 5.4% from the previous year’s average price of $691,343 and an increase of 1.2% from the average price of $646,451 in January of year 2024.
In terms of Days on Market, January of year 2025 is expected to have an average of 38 days on the market. This is the same as December of year 2024, but a decrease from the average of 43 days in January of year 2024.
For the number of Sales, it is projected that January of year 2025 will have 44 sales for Condos in Toronto C14. This is the same as the number of sales in both December of year 2024 and January of year 2024, showing consistency in the market.
Looking at New Listings, there is expected to be a significant increase in January of year 2025, with 129 new listings for Condos in Toronto C14. This is a 119.3% increase from December of year 2024, which only saw 59 new listings, and a 26.5% increase from January of year 2024, which had 102 new listings. This increase in new listings may indicate a potential increase in competition among sellers.
Finally, considering the Active Listings, there is also an expected increase in January of year 2025, with 195 active listings for Condos in Toronto C14. This reflects a 12.7% increase from December of year 2024, which had 173 active listings, and a 48.9% increase from January of year 2024, which only had 131 active listings.
Based on the Months of Inventory, the market for Condos in Toronto C14 is expected to lean towards a buyer’s market in January of year 2025. With a result of 4.4 months of inventory, buyers may have more negotiation power in this market. This is an increase from the 3.9 months of inventory in December of year 2024 and a significant decrease from the 3.0 months of inventory in January of year 2024, indicating a shift towards a more balanced market.
” “The average price for DETACHED homes in Toronto C14 in January of 2025 was 1768984 Canadian dollars, showing a decrease of 20% from the previous year in January of 2024, with an average price of 2231000 Canadian dollars. In December of 2024, the average price was 2218846 Canadian dollars, indicating a decrease of 20% from the same month in the previous year. This data points to a potential market correction, as the average price has decreased significantly in a short period of time.
In terms of Days on Market, DETACHED homes in Toronto C14 took an average of 68 days to sell in January of 2025, compared to 19 days in January of 2024, showing a significant increase in time for homes to be sold. In December of 2024, the average Days on Market was 50, which indicates a slight increase from the previous month. This data suggests that homes may be sitting on the market for longer periods of time, possibly due to a decrease in demand or an increase in inventory.
January of 2025 saw 7 sales of DETACHED homes in Toronto C14, showing a decrease of 13% from the same month in the previous year, when 8 homes were sold. In December of 2024, there were 13 sales, indicating a decrease of 46% from the previous month. This sharp decrease in sales may be a reflection of the overall trend of decreasing prices, as buyers may be more hesitant to purchase homes in a potential market correction.
When it comes to New Listings, there were 41 DETACHED homes listed in January of 2025, showing an increase of 41% from the same month in the previous year, when 29 homes were listed. In December of 2024, there were 13 new listings, which indicates a significant increase of 216% from the previous month. This data suggests that there may be an influx of sellers trying to list their homes before prices continue to decrease.
In terms of Active Listings, there were 84 DETACHED homes on the market in January of 2025, showing an increase of 110% from the same month in the previous year, when there were only 40 active listings. In December of 2024, there were 71 active listings, indicating a slight increase of 18% from the previous month. This data suggests that there may be an oversupply of homes on the market, which could be contributing to the decrease in prices.
The Months of Inventory for DETACHED homes in Toronto C14 was 12 in January of 2025, showing a significant increase from the same month in the previous year, when it was 5. This indicates a shift towards a buyer’s market, as there are more homes available for sale but potentially fewer buyers in the market. In December of 2024, the Months of Inventory was 5, showing a potential increase in demand compared to the previous month. With the increase in Months of Inventory, buyers may have more negotiation power and be able to secure better deals on DETACHED homes in Toronto C14.
” “In January of year 2025, the average price for a Condo in Markham was $688,989. This represents a slight decrease from the previous month, with the December 2024 average price being $691,460. However, there has been a more significant decrease compared to the same month last year, as the average price in January 2024 was $708,247. This indicates a decrease in the overall market for Condos in Markham over the past year.
The average number of Days on Market for Condos in Markham in January of year 2025 was 40. This is a decrease from the previous month, with December 2024 recording an average of 45 days on market for Condos. However, there has been a very minimal change compared to the same month last year, as the average number of days on market in January 2024 was 44. This suggests that the market for Condos in Markham has remained relatively stable in terms of time it takes for properties to sell over the past year.
There were 44 Condo sales in Markham in January of year 2025. This represents an increase from the previous month, as December 2024 recorded 40 Condo sales. However, there has been a significant decrease in sales compared to the same month last year, as there were 57 Condo sales in January 2024. This indicates a decrease in demand for Condos in Markham over the past year.
In terms of new listings, there were 158 Condos listed for sale in Markham in January of year 2025. This represents a significant increase from the previous month, as December 2024 recorded 57 new listings. However, there has been a slight decrease compared to the same month last year, when there were 91 new listings in January 2024. This suggests that there has been more supply on the market in the past month, but the overall demand for Condos in Markham is still lower than it was a year ago.
The number of active listings for Condos in Markham in January of year 2025 was 213. This marks a slight increase from the previous month, with December 2024 recording 196 active listings. However, there has been a significant increase in active listings compared to the same month last year, as there were 125 active listings in January 2024. This indicates that there is currently more supply on the market for Condos in Markham compared to a year ago.
The Months of Inventory for Condos in Markham in January of year 2025 was 4.84. This represents a decrease from the previous month, as December 2024 recorded 4.90 months of inventory. However, there has been a significant increase compared to the same month last year, as January 2024 recorded 2.19 months of inventory. This indicates that the market for Condos in Markham has shifted towards a more buyer’s market, with buyers having more negotiation power due to higher levels of supply.
” “In January of 2025, the average price for ATT/ROW/TWNHOUSE homes in Markham is expected to be $1,186,860, according to the Toronto Real Estate Market Watch. This represents a 5% decrease from the average price in December of 2024, which was $1,246,962. However, there has been a 5% increase in the average price since January of 2024, which was $1,256,331. This indicates a slight downward trend in prices over the past year, but overall prices have remained relatively stable.
The average number of days on market for ATT/ROW/TWNHOUSE homes in Markham is expected to be 33 in January of 2025. This is an increase from the average of 32 days in December of 2024, but a decrease from the 38 days in January of 2024. This shows that homes are selling at a slightly faster rate compared to the previous year, indicating a potentially competitive market for buyers.
In terms of sales, there is expected to be a total of 30 sales for ATT/ROW/TWNHOUSE homes in Markham for January of 2025. This is a decrease from the 35 sales in December of 2024, but an increase from the 29 sales in January of 2024. This follows the trend of a slightly slower market in comparison to the previous year.
New listings for ATT/ROW/TWNHOUSE homes in Markham are expected to be 71 in January of 2025. This is a significant increase from the 38 new listings in December of 2024, but a slight increase from the 48 new listings in January of 2024. This shows a potential influx of new options for buyers, indicating a good selection of homes to choose from.
There is expected to be a total of 91 active listings for ATT/ROW/TWNHOUSE homes in Markham in January of 2025. This is an increase from the 84 active listings in December of 2024, but a significant increase from the 46 active listings in January of 2024. This indicates a slightly slower market with more options for buyers to choose from.
Based on the available data, it is expected that the market in January of 2025 will be leaning towards a buyer’s market for attached homes in Markham, with a higher number of active listings compared to sales. However, the market is expected to be competitive with shorter days on market and a potential influx of new listings. It is important for buyers to closely monitor the market to make informed purchasing decisions.
” “In January of year 2025, for the home type of detached houses in Markham, the average price is predicted to be $1,687,024, according to the Toronto Real Estate Market Watch. This is a 5% increase from the average price in December of 2024, which was $1,592,483. However, it is a 5.1% decrease from the average price in January of 2024, which was $1,774,907. This suggests a slight upward trend in detached house prices in Markham over the past year, but a decrease from the previous year.
For days on market, the prediction for January of 2025 is 33 days. This is a slight decrease from the days on market in December of 2024, which was 34 days. However, it is consistent with the days on market in January of 2024, which was also 34 days. This suggests a stable housing market in terms of how long it takes for detached houses in Markham to sell.
In terms of sales, the prediction for January of 2025 is 62 units sold. This is a 21.6% increase from the sales in December of 2024, which was 51 units. However, it is a 18.4% decrease from the sales in January of 2024, which was 76 units. This suggests a potential increase in buyer activity in the housing market, but a decrease from the previous year in terms of sales.
For new listings, the prediction for January of 2025 is 203 units listed. This is a 181.9% increase from the new listings in December of 2024, which was 72 units. It is also a 50.4% increase from the new listings in January of 2024, which was 135 units. This suggests a potential surge in housing supply in the market, which could potentially reflect a decrease in demand or a potential increase in inventory.
Regarding active listings, the prediction for January of 2025 is 272 active listings. This is a 17.2% increase from the active listings in December of 2024, which was 232 listings. Additionally, it is a 90.2% increase from the active listings in January of 2024, which was 143 listings. This suggests an increase in available inventory in the housing market in Markham, which could potentially benefit buyers and lead to a more balanced market.
Finally, the predicted months of inventory for January of 2025 is 4.4 months. This is an increase from the months of inventory in December of 2024, which was 4.5 months. Additionally, it is a significant increase from the months of inventory in January of 2024, which was 1.9 months. This suggests a potentially more balanced housing market with enough inventory for buyers to choose from, but also potential opportunities for buyers to negotiate with sellers.
” “In January of 2025, the average price for ATT/ROW/TWNHOUSE in Richmond Hill is predicted to be $1,200,650. This is a decrease of 1.5% compared to December of 2024, which had an average price of $1,219,054. When compared to the previous year in January of 2024, there is a decrease of 5.9% in average price, which was $1,276,719.
The average number of days on market for ATT/ROW/TWNHOUSE in Richmond Hill in January of 2025 is predicted to be 30. This is an increase of 3.4% from December of 2024, which had an average of 29 days. When comparing to January of 2024, there is no change in the average number of days on market.
In January of 2025, there are predicted to be 22 sales for ATT/ROW/TWNHOUSE in Richmond Hill. This is a decrease of 15.4% from the 26 sales in December of 2024. Compared to the previous year in January of 2024, there is an increase of 10% in sales.
For new listings in January of 2025, it is predicted that there will be 73 listings for ATT/ROW/TWNHOUSE in Richmond Hill. This is a significant increase of 204.2% compared to December of 2024, which had only 24 new listings. When compared to January of 2024, there is an increase of 65.9% in new listings.
There are predicted to be 76 active listings for ATT/ROW/TWNHOUSE in Richmond Hill in January of 2025. This is an increase of 46.2% from December of 2024, which had 52 active listings. When compared to the previous year in January of 2024, there is an increase of 90% in active listings.
The months of inventory for ATT/ROW/TWNHOUSE in Richmond Hill in January of 2025 is predicted to be 3.45. This indicates a buyer’s market, where buyers have more negotiation power. When compared to December of 2024, there is a slight increase in months of inventory, which was 2. Meanwhile, when compared to January of 2024, there is a decrease in months of inventory from 2.5 to 3.45, indicating a stronger buyer’s market.
” “In January of year 2025 in Richmond Hill, the average price for a detached home type was $1,835,800 according to the Toronto Real Estate Market Watch. This is a decrease of approximately 9% from the average price in December of year 2024, which was $2,028,332. It is also a slight decrease of 4% from the average price in January of year 2024, which was $1,897,904. This suggests that there may be a slight downward trend in detached home prices in the area.
The average days on market for a detached home in January of year 2025 was 37 days, which is four days less than in December of year 2024, and the same as in January of year 2024. This indicates that there has not been a significant change in the time it takes for a detached home to sell in Richmond Hill. Sellers of detached homes can still expect their properties to be on the market for an average of around one month before being sold.
In January of year 2025, there were 49 sales for detached homes in Richmond Hill. This is a decrease of 23% from the 64 sales in December of year 2024, but an increase of 14% from the 43 sales in January of year 2024. This suggests that the demand for detached homes in the area has decreased slightly compared to the previous month, but has increased compared to the same time last year.
The number of new listings for detached homes in January of year 2025 was 205. This is a significant increase of 173% from the 75 new listings in December of year 2024 and an increase of 90% from the 108 new listings in January of year 2024. This indicates that there has been a significant increase in the number of detached homes being listed for sale in the area. This could potentially lead to a buyer’s market with more options for buyers to choose from, possibly giving them more negotiation power.
There were 314 active listings for detached homes in January of year 2025. This is an increase of 12% from the 281 active listings in December of year 2024, and an increase of 93% from the 163 active listings in January of year 2024. This suggests that there are currently more active listings for detached homes in the area, giving buyers a wider selection to choose from.
The months of inventory for detached homes in January of year 2025 is 6.4, calculated by dividing the number of active listings by the number of sales. This is significantly higher than the ideal range of 3 or below and suggests that it is currently a buyer’s market for detached homes in Richmond Hill. Compared to the previous two years, this number has increased, indicating a more buyer’s market with more options for buyers to choose from. However, this could potentially change if there is a decrease in the number of new listings and an increase in sales in the upcoming months.
” “In January of year 2025, the average price for a detached home in Aurora was $2,052,083, which is a significant increase compared to the previous year’s average price of $1,792,627. This represents a percentage change of 14.48%. However, compared to the previous month of December 2024, there was only a moderate increase of 12.93% in the average price for the same type of home. This data suggests that the real estate market in Aurora is experiencing a steady and moderate increase in prices for detached homes.
In terms of days on market, the January 2025 data shows that it took an average of 35 days for a detached home in Aurora to be sold. This is slightly longer than the previous month of December 2024, which had an average of 32 days, but it is still shorter than the same month of the previous year, which had an average of 38 days. This indicates that the demand for detached homes in Aurora remains relatively strong, as they are selling at a faster rate compared to the previous year.
The number of sales for detached homes in Aurora in January 2025 was 12, which is a significant decrease from the previous month of December 2024, which had 26 sales. However, compared to the same month of the previous year, there was only a slight decrease from 18 sales. This data suggests that the real estate market in Aurora is experiencing a decrease in the number of sales for detached homes, but it is still relatively stable compared to the previous year.
In January 2025, there were 61 new listings for detached homes in Aurora, which is a significant increase from the 22 new listings in the previous month of December 2024. This also represents a 32.61% increase from the same month of the previous year, where there were only 46 new listings. This surge in new listings indicates that there may be a higher supply of detached homes in the market, potentially leading to a more balanced market for buyers and sellers.
The number of active listings for detached homes in Aurora in January 2025 was 94, which is a higher number compared to the previous month of December 2024, with 89 active listings. However, this is a significant increase from the same month of the previous year, which had only 55 active listings. This data suggests that there may be a higher inventory of detached homes on the market, potentially giving buyers more options and negotiating power.
In terms of months of inventory, the January 2025 data shows a relatively balanced market for detached homes in Aurora. With 94 active listings and 12 sales, the resulting 6.83 months of inventory indicates a more balanced market, where both buyers and sellers have relatively equal negotiating power. This is a significant increase compared to the previous month of December 2024, which had a lower 3.42 months of inventory, indicating a more seller’s market. However, compared to the same month of the previous year, which had 3.06 months of inventory, it still shows a relatively balanced market with a slight increase in favor of buyers. Overall, these data suggest a healthy and stable real estate market in Aurora for detached homes in January of year 2025.
” “In January of year 2025, the average price for ATT/ROW/TWNHOUSE homes in Aurora is predicted to be $1,098,200. This represents a 2.64% increase from December of year 2024 and a 3.12% increase from January of year 2024. This shows a steady and positive growth trend in the average prices of homes in Aurora, indicating a stable and thriving real estate market in the area.
The number of days on market for ATT/ROW/TWNHOUSE homes in Aurora is expected to be 36 in January of year 2025, compared to 24 days in December of year 2024 and 26 days in January of year 2024. This represents a 50% increase in days on market from December of year 2024, but a slight decrease of 5.88% from January of year 2024. This indicates a slightly slower market in January of year 2025 compared to the previous year, but still remains relatively competitive with homes selling within a month.
In terms of sales, there is expected to be 5 sales in January of year 2025 for ATT/ROW/TWNHOUSE homes in Aurora. This number remains consistent with 5 sales in December of year 2024, but represents a 37.5% decrease from January of year 2024 when there were 8 sales. This demonstrates a slightly slower demand for homes in Aurora compared to the previous year, but a stable market with consistent sales numbers.
Similarly, the number of new listings for ATT/ROW/TWNHOUSE homes in Aurora is predicted to be 7 in January of year 2025, which is slightly higher than 6 new listings in December of year 2024, but significantly lower than 15 new listings in January of year 2024. This shows a decrease in supply of new listings compared to the previous year, but a relatively balanced market where new listings and sales are staying consistent.
Lastly, the active listings for ATT/ROW/TWNHOUSE homes in Aurora is expected to be 14 in January of year 2025, compared to 13 in the 12th month of year 2024, and 12 in January of year 2024. This shows a slight increase in active listings, indicating a slightly slower market in January of year 2025 compared to the previous year. When combined with the relatively stable sales and new listings numbers, this suggests a balanced market in Aurora with a healthy level of supply.
Based on the calculated months of inventory, it can be seen that the real estate market for ATT/ROW/TWNHOUSE homes in Aurora is slightly in favor of buyers in January of year 2025. With a months of inventory value of 2.8, it indicates that there is slightly more inventory available than the current demand from buyers, giving them more room for negotiation. This trend is consistent with December of year 2024 where there was 2.6 months of inventory, indicating a relatively balanced market with a slight advantage to buyers. However, it is important to note that a months of inventory value of less than 3 still indicates a seller’s market, meaning that sellers still have significant negotiation power and the market is overall favorable towards them.
” “In January of year 2025, the average price for DETACHED homes in Newmarket is 1,220,650 Canadian dollars. This represents a decrease of approximately 2.7% from the previous month of December 2024 and a decrease of about 6.8% from January of year 2024. This decrease in price may indicate a cooling off of the market or a shift towards more affordable properties.
The average number of days on the market for DETACHED homes in Newmarket for January of year 2025 is 23 days. This represents a decrease in time spent on the market compared to December of 2024, which was 35 days, and January of year 2024, which was 26 days. This could be a sign of increased market activity or higher demand for DETACHED homes in Newmarket.
The number of sales for DETACHED homes in Newmarket for January of year 2025 is 20. This is a decrease from the previous month of December 2024, which had 23 sales, and a significant decrease from January of year 2024, which had 39 sales. This may indicate a decrease in demand for DETACHED homes in the area for year 2025.
The number of new listings for DETACHED homes in Newmarket for January of year 2025 is 93. This is a significant increase from December of 2024, which had 27 new listings, and a slight increase from January of year 2024, which had 70 new listings. This increase in new listings could indicate a more competitive market for sellers in the area.
The number of active listings for DETACHED homes in Newmarket for January of year 2025 is 120. This is an increase from the previous month of December 2024, which had 77 active listings, and a significant increase from January of year 2024, which had 56 active listings. This could potentially indicate a slowdown in the market, as there are more properties available for sale.
The months of inventory for DETACHED homes in Newmarket for January of year 2025 is approximately 6 months. This indicates a buyer’s market, as there are more active listings than there are sales. This is a significant increase from the previous month of December 2024, which had approximately 3.3 months of inventory, and from January of year 2024, which had approximately 1.4 months of inventory. This could mean that buyers have more negotiation power and more options to choose from when looking for a DETACHED home in Newmarket.
” “In January of 2025, the average price for a detached home in Oakville is expected to decrease to $1,853,519. This is a -9.6% decrease from December of 2024 where the average price was $2,049,830, and a -0.2% decrease from January of 2024 where the average price was $1,860,000. This represents a downward trend in average prices for detached homes in Oakville over the past year, indicating a potential opportunity for buyers to negotiate for a lower price.
In terms of days on the market, the average time it takes to sell a detached home in Oakville is expected to decrease to 35 days in January of 2025. This is a -5.4% decrease from December of 2024 where the average days on market was 37 days, and a -14.6% decrease from January of 2024 where the average days on market was 41 days. This indicates an increase in demand for detached homes in Oakville, as they are selling faster compared to the previous year.
There is also an expected increase in sales for detached homes in Oakville in January of 2025, with a projected 56 sales. This is a 19.1% increase from December of 2024 where there were 47 sales, and a -22.2% decrease from January of 2024 where there were 72 sales. This shows a fluctuation in sales, but overall an increase in demand for detached homes in Oakville.
In terms of new listings, there is a significant increase expected in January of 2025 with 297 new listings for detached homes in Oakville. This is a 560% increase from December of 2024 where there were only 45 new listings, and a 99% increase from January of 2024 where there were only 149 new listings. This indicates a potential increase in supply for detached homes in Oakville, giving buyers more options to choose from.
The number of active listings for detached homes in Oakville is also expected to increase in January of 2025 with 407 active listings. This is a 50.4% increase from December of 2024 where there were 270 active listings, and a 118.3% increase from January of 2024 where there were only 186 active listings. This further supports the idea that there will be a higher supply of detached homes in Oakville for buyers to choose from.
As for the months of inventory, in January of 2025 there is expected to be 7.3 months of inventory for detached homes in Oakville. This is a significant increase from December of 2024 where there were 5.7 months of inventory, and an even greater increase from January of 2024 where there were only 2.6 months of inventory. This indicates that the market is shifting towards a more buyer-friendly market, as buyers will have more negotiating power with a higher supply of homes.
” “In January of year 2025, the average price for a DETACHED home in Whitby is forecasted to be CAD $1,185,109. This is a decrease of 4.26% from the average price of CAD $1,238,693 in December of 2024 and an increase of 5.34% from the average price of CAD $1,124,546 in January of 2024. This trend suggests that the real estate market in Whitby for DETACHED homes may be slowing down slightly.
Based on the data from Toronto Real Estate Market Watch, the average number of days on market for DETACHED homes in Whitby is expected to be 25 days in January of 2025. This is a slightly shorter time frame compared to December of 2024, which had an average of 26 days on market, and a significant decrease from the 34 days on market in January of 2024. This indicates that homes in this market are selling at a faster pace, potentially due to high demand and low inventory.
When it comes to sales, January of 2025 is projected to have 54 DETACHED home sales in Whitby. This is a 6.9% decrease from the 58 sales in December of 2024 and a 28% decrease from the 75 sales in January of 2024. These numbers suggest that the market may be slowing down slightly in terms of sales activity, possibly due to higher prices and limited inventory.
As for new listings, January of 2025 is expected to see 117 new DETACHED home listings in Whitby. This is a significant increase from the 52 new listings in December of 2024 and a 24% increase from the 94 new listings in January of 2024. This suggests that there may be more inventory coming onto the market, potentially leading to a more balanced market in terms of supply and demand.
Based on the data of active listings, it is projected that there will be 135 DETACHED homes available for sale in Whitby in January of 2025. This is a 8.87% increase from the 124 active listings in December of 2024 and a significant 75.32% increase from the 77 active listings in January of 2024. This indicates that there may be more options for buyers in this market and that competition may be less intense compared to previous years.
Finally, the months of inventory for DETACHED homes in Whitby is expected to be approximately 2.5 in January of 2025. This is a decrease from the 2.14 months of inventory in December of 2024 and a significant decrease from the 1.03 months of inventory in January of 2024. This suggests that the market may still be leaning towards a seller’s market, but there may be more balance between supply and demand compared to previous years. Overall, this data shows that while the real estate market in Whitby for DETACHED homes may be slowing down slightly, it is still a strong and competitive market for both buyers and sellers.
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