<<< back to article list

November 2016 Real Estate Market Update and Statistics

Blog by Gord Honor | December 7th, 2016

Home sales in November 2016 were incredible.

The stats below are as compared to November 2015

Active listings were down almost 36% 

Homes are selling much faster.... the average time to sell is  down 34.6%

New listings are up 10% which will help with the supply issue

This is the big one! Average price is up 22.7% in the GTA!!!

Sales are up 16.5%

The bottom line is the market is still very much in favour of sellers. 

If you are thinking about selling give me a call at 647-242-2743 or email me at gord@gordhonor.com and I would be happy to help determine the current market value of your home.

Looking for a home? Be the first to find out about new listings sign up here

Click the icon below to see the report.