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Monthly Real Estate Market Update September 2023

  • netgain
  • Home Buyer, Home Seller
  • October 11, 2023

Table of Contents

Monthly Real Estate Market Update September 2023

September 2023 vs. September 2022. Hey everyone! Welcome back and thanks for tuning in for another round of Matt’s Stats! Looking at our year-over-year graphs for September 2023 vs. 2022, you will that transactional volume is down almost everywhere except in Toronto, and the average sale price is mostly up with a couple of exceptions.

When looking at September vs August 2023 we see transactional volume is up in Toronto, 21.7%, Bradford, 13.3%, Barrie 11% and Orillia at 4.3%. Midland had a big decline in transactional volume at 47.3%, Georgina posted a 37% decline and Newmarket is down 7.1% in transactional volume in September vs August 2023. Orillia posted the biggest average sale price increase of 7.9% followed by New Tecumseth at 7.4% and Toronto at 5.4%. All of the other communities below posted a decline in average sale price.

When comparing September 2023 vs 2023, we see that transactional volume is down in all of these communities except Toronto (11.8% up) and New Tecumseth that is flat vs Sept 2023. Average sale price is up in most of these communities except Newmarket and Bradford. Orillia led the way with a 19.9% increase in average sale price vs Sept 2022.

The Map Below shows the average detached home prices in September 2023 in these communities.

 

Want to know what this means for you? Our real estate agents are here to help. Call or text us today at (905) 252 8599, or send us an email at curtis@curtisgoddard.ca.

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