🔎The market cooled slightly across the GTA coming out of a strong March. The Durham Region held it’s own in comparison to Toronto and regions to the west. While the number of transactions decreased in the Durham Region in April, with just .7 months of inventory in property values held strong.
📊The overall average sale price decreased from March by just .4%. Looking at detached homes, they increased .52% month over month and a whopping 50% from April of 2020. Clarington and Brock both saw substantial growth month over month as well as year over year.
🏡The beginning of the COVID-19 pandemic and initial lockdown slowed the April 2020 market. Growth in numbers across the board when comparing year over year is a sign of strong recovery in the real estate industry. Homes across the GTA continue to sell well over asking. As we are currently in a provincial lockdown, we may experience another significant increase during the summer market.