{"id":305628,"date":"2024-11-14T17:07:41","date_gmt":"2024-11-14T17:07:41","guid":{"rendered":"https:\/\/wahi.com\/ca\/en\/?page_id=305628"},"modified":"2024-11-14T17:07:45","modified_gmt":"2024-11-14T17:07:45","slug":"wahi-press-release-these-are-the-fastest-and-slowest-selling-neighbourhoods-in-the-gta","status":"publish","type":"page","link":"https:\/\/wahi.com\/ca\/en\/press-releases\/november-14-gta-fastest-selling","title":{"rendered":"Wahi Press Release: These Are the Fastest- and Slowest-Selling Neighbourhoods in the GTA"},"content":{"rendered":"

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News Release<\/h1>\n

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These Are the Fastest- and Slowest-Selling Neighbourhoods in the GTA<\/h2>\n

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Depending on the neighbourhood, the average number of days that a home remains listed for sale in the Greater Toronto Area ranges between 10 and 63.<\/span><\/i><\/em><\/p>\n

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TORONTO, ONT. \u2014November 14, 2024 \u2014 It\u2019s taking longer for homes to sell in 86% of neighbourhoods across the Greater Toronto Area compared to last year, but they\u2019re still changing hands at a rapid fire rate in select pockets.
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So suggests the latest market analysis from digital real estate platform Wahi, which examined the average period of time that homes stayed listed on the market before selling (or being delisted) in approximately 400 neighbourhoods throughout the GTA during the third quarter of the year. In general, the neighbourhoods with the quickest turnover were low-rise neighbourhoods in the City of Toronto.<\/span><\/p>\n


Wahi\u2019s study reveals how the speed of home sales varies drastically in different parts of the region, as the neighbourhoods with the lowest and highest average days on market (ADOM) were separated by a difference of eight weeks.<\/span><\/p>\n


\u201cPeople talk about there being a Toronto housing market, but real estate is also influenced by factors on a much more local level,\u201d says Wahi CEO Benjky Katchen. \u201cThe type of property, how it\u2019s priced, the neighbourhood it\u2019s located in, and more all have an impact on how quickly it sells,\u201d he adds.<\/span><\/p>\n


Looking at the entire region as a whole, homes stayed listed for an average of 28 days in Q3, up nine days from the same time last year, but in some neighbourhoods, the average days on market was much lower.<\/span><\/p>\n


Here\u2019s Where Homes are Selling the Fastest in the GTA<\/strong>
Of the 340 neighbourhoods that had at least five home sales in the third quarter of 2024 just 39 saw homes stay listed on the market for less time on average this year than last. In nine neighbourhoods, homes sold in less than two weeks on average. Raymerville led, with homes in the centrally located Markham<\/a> neighbourhood staying on the market for an average of 10 days.<\/span><\/p>\n

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Other Findings on the Fastest-Selling GTA Neighbourhoods:<\/strong><\/p>\n