November 2018 - Toronto Real Estate Market Update
November 2018 data suggest that Toronto is currently experiencing a seller’s market, meaning the demand for Toronto housing exceeds its supply. This statement is derived from a calculation of 1.93 “inventory in months,” meaning if nothing else was listed in the City of Toronto market (all home types), then it would take 1.93 months for the housing inventory to deplete to 0.
Calculation:
4,946 active listings / 2,563 sales = 1.93 inventory in months
As a note:
0 - 3 inventory in months indicates a seller’s market
3 - 6 inventory in months indicates a balanced market
6+ inventory in months indicates a buyer’s market
Click here to download a JPG of the November 2018 Monthly Market Report.
Additional resources:
THE MARKET UPDATE ON THIS PAGE IS INTENDED AS A HIGH LEVEL OVERVIEW ONLY. OTHER FACTORS MAY COME INTO PLAY.
