News Release
Wahi Releases 2024 GTA Housing Snapshot
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Comprehensive report on the Greater Toronto Area housing market in 2024 covers home sales and price trends, overbidding and underbidding trends, and much more.
TORONTO, ONT. —December 5, 2024 — Today, Wahi released its 2024 GTA Housing Snapshot, which provides an overview of home sales and price trends, overbidding and underbidding trends, most and least affordable neighbourhoods, and other key housing market trends in the Greater Toronto Area from January 1 to November 30, 2024.
Some of the key findings in Wahi’s 2024 GTA Housing Snapshot include:
- The median sales price for homes in the GTA was $965,000, and homes took an average of 24 days to sell;
- Single-family homes had a median sales price of $1,185,000 and took an average of 21 days to sell compared to condos, which had a median sales price of $655,500 and sat on the market for an average of 30 days;
- York region had the highest median sales price of $1,217,000 in the GTA, while Durham region had the lowest median sales price of $860,000;
- Sales in the GTA condo market were down 5% while single-family home sales were up 2%;
- While the majority of fastest-selling neighbourhoods were in the City of Toronto, they were located outside the core where single-family homes are concentrated;
Bidding activity peaked in the GTA in March, with 43% of neighbourhoods moving into overbidding territory; - Eastlake, Oakville, was the most consistently underbid neighbourhood in 2024; and
- ingle-family homeowners who rent out their basements in the GTA may take home between $1,800 and $2,600, depending on location.
About Wahi
Wahi redefines the homebuying experience by putting more power into consumers’ hands. By combining cutting-edge tech and market data with expert Realtors, Wahi offers unmatched access to insights, tools and the team that makes buying a home faster and easier. Learn more at wahi.com.
News Media Contacts:
Kristin Doucet
Wahi
Tel: 877-207-4273