GTA March month end stats

I am surprised Durham is still at only 0.44 MOI, it feels higher but I guess that's just because inventory/sales were so low before and now it's high inventory and higher sales.

Gorbadei whats next?

mazerbeaner wrote: ↑ I am surprised Durham is still at only 0.44 MOI, it feels higher but I guess that's just because inventory/sales were so low before and now it's high inventory and higher sales.

March started low but inventory definitely has gone up near the end of March.

How that effects MOI and sales in April we will see. I know in Caledon, Brampton and Milton more and more inventory is sitting. I would say the last 7-10 days especially.

But regardless Y/O/Y sales will be insane next month due to the lockdowns last year.

Toronto C01 storming back!
Feb avg price $728K
Mar avg price $779K

Still down YoY tho, goes to show just how hot downtown was heading into covid.

Sanyo wrote: ↑ March started low but inventory definitely has gone up near the end of March.

How that effects MOI and sales in April we will see. I know in Caledon, Brampton and Milton more and more inventory is sitting. I would say the last 7-10 days especially.

But regardless Y/O/Y sales will be insane next month due to the lockdowns last year.

MOI is a current snap shot though. It's current inventory over sales for the month.

Just noticed York region Average $1.26M.
Higher than both Halton and Toronto.

Is this a first?

MotoCross817 wrote: ↑ Toronto C01 storming back!
Feb avg price $728K
Mar avg price $779K

Still down YoY tho, goes to show just how hot downtown was heading into covid.

Waiting for bears to chime in - "it's actually down MOM, it's just the mix that changed"

Sanyo wrote: ↑ March started low but inventory definitely has gone up near the end of March.

How that effects MOI and sales in April we will see. I know in Caledon, Brampton and Milton more and more inventory is sitting. I would say the last 7-10 days especially.

But regardless Y/O/Y sales will be insane next month due to the lockdowns last year.

From what I see is the inventory that tends to be sitting are the high lister's - asking above even most recent highs. And then their property sits skewing the "inventory sitting analysis".

At least from what I can see listing that are in-line with current recent sales or priced for bidding war (with a seller willing to take a reasonable offer) are moving quickly.

TRREB Market Watch report is out:
https://trreb.ca/files/market-stats/mar ... mw2103.pdf

The numbers are not really surprising, if you saw the table above.

bears are all but gone now.

oasis100 wrote: ↑ bears are all but gone now.

Kinda boring here without them lol

MotoCross817 wrote: ↑ Kinda boring here without them lol

Let me play the bear role, lol.
Oshawa and other Work-From-Home heavens are gonna burn! burn! burn!
Soon people will realize the downtown is the centre of the universe and regret about buying $1M sheds in Durham!

What an insane month, most sales in any singular month in the history of Toronto real estate? This demand is absurd, whatever is causing it the market psychology cannot be turned it seems.

Looking at yearly sales in the report starting 2009, the number doesn't change much. After going up it goes down too. That sure surprises me I would a thought it will have gone up a lot.