Check out the March 2019 Market Report!

Last month, home sales were up year-over-year, jumping by 16.8% compared to April 2018, and up by 11.3% compared to last month. New listings were also up year-over-year by 8%. However, the annual growth rate for new listings was much lower than that reported for sales. This suggests that market conditions continued to tighten which points toward an acceleration in price growth.

The year-over-year rate of price growth generally edged up in April relative to the first three months of the year. The average selling price was up by 1.9% to $820,148, representing the strongest annual rate of growth so far in 2019.

*Stats via @treb

*Stats outlined are from the Toronto Real Estate Board

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