Real Estate Agent | #Ontario Blog

Tuesday, February 20, 2024   /   by Shiela Balanay

Ontario MLS® Home Sales Mark Huge Rebound in January

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 9,509 units in January 2024. This was a sizable gain of 21.4% from January 2023. Months of inventory numbered 3.1 at the end of January 2024, down from the 3.3 months recorded at the end of January 2023 and above the long-run average of 2.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity. ...

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Thursday, January 11, 2024   /   by Shiela Balanay

Ontario MLS® Home Sales Drop to Lowest Annual Total since 2001

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 161,696 units in December 2023. This was a large decline of 12.3% from 2022. The more comprehensive annual average price was $872,312, a decline of 6.3% from all of 2022. Months of inventory numbered 3.9 at the end of December 2023, up from the 3.3 months recorded at the end of December 2022 and above the long-run average of 2.8 months for this time of year.  ...

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Monday, December 18, 2023   /   by Shiela Balanay

Ontario MLS® Home Sales Remain Subdued Despite Climbing Supply

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 153,979 units in November 2023 year to date. This was a moderate decrease of -12.9% from November 2022. The more comprehensive year-to-date average price was $873,284, down by 6.7% from the first 11 months of 2022. Months of inventory numbered 4.4 at the end of November 2023, up from the 3 months recorded at the end of November 2022 and above the long-run average of 2.6 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity. ...

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Wednesday, November 29, 2023   /   by Shiela Balanay

Ontario MLS® Home Sales Continue to Decline in October

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 143,587 units over the first 10 months of the year. This was down sharply by 13.4% from the same period in 2022. Active residential listings numbered 50,072 units on the market at the end of October, up sharply by 35.8% from the end of October 2022. Active listings haven’t been this high in the month of October in more than five years. ...

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Tuesday, October 17, 2023   /   by Shiela Balanay

Ontario MLS® Home Sales Remain Subdued

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 131,471 units in September 2023. This decreased by 13% from September 2022. The average price of residential homes sold was $878,976, a decrease of 7.7% from the first nine months of 2022 ...

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Team Glasser Real Estate Brokerage Inc.
99 Horton St W
London, ON N6J 4Y6
Office: 519.670.0385

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