March 2023 Real Estate Report

MARCH 2023 IN REVIEW



GTA REALTORS reported 6,896 sales through TRREB’s MLS System in March 2023 – down 36.5% compared to March 2022. On a month-over-month basis, actual and seasonally adjusted sales were up. 

New listings were also down on a year-over-year basis, but by a much greater annual rate. This points to tighter market conditions compared to last year.

The MLS Home Price Index composite benchmark was down by 16.2% on a year-over-year basis, but up month-over-month on both an actual and seasonally adjusted basis. 

Similarly, the average selling price was down by 14.6% year-over-year to $1,108,606. The average selling price was up monthover-month on an actual and seasonally adjusted basis.

If you have any questions or would like to find out if it's the right time for you to buy or sell, don't hesitate to give me a call or text at 647-522-9057 or send me an email to jesse@jessejenish.com.