{"id":1605,"date":"2019-12-05T22:30:39","date_gmt":"2019-12-06T03:30:39","guid":{"rendered":"http:\/\/www.karenmillar.com\/blog\/?p=1605"},"modified":"2019-12-05T22:30:40","modified_gmt":"2019-12-06T03:30:40","slug":"november-toronto-real-estate-market-stats-are-in","status":"publish","type":"post","link":"https:\/\/www.karenmillar.com\/blog\/november-toronto-real-estate-market-stats-are-in\/","title":{"rendered":"November Toronto Real Estate Market Stats are in!"},"content":{"rendered":"\n
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I hope everyone has enjoyed the fall season as we seem to be getting right into winter.\u00a0 The fall Residential Real Estate Market was busy.\u00a0 The number of home sales for all home types were up over 13% for the month with the number of active listings down almost 30%.\u00a0 The continued strong demand with limited supply has pushed prices up 7% over November last year.\u00a0\u00a0
The months of inventory has now slid down to under two months<\/strong> and is closing in on only a month and a half of inventory across the GTA.\u00a0 If another home was not listed for sale on the Toronto Real Estate Board we would be sold out of our product in a month and a half.\u00a0 A balanced market for buyers and sellers is said to be closer to four to six months of inventory.\u00a0 It is currently a seller’s market where the demand for homes continues to remain strong.\u00a0 \u00a0\u00a0
The sales volume of condominiums remained flat over last year, however, prices appreciated by almost 11% over November 2018.\u00a0 The volume of trades remained flat due in large part to the lack of inventory, hence prices continue to increase at an above average pace.\u00a0 Condominiums continue to be attractive to buyers due to their affordability, location and ease to maintain.
This fall we had one of our busiest seasons for the release of newly developed sites for condominiums.\u00a0 There will be more to come in the New Year, please do not hesitate to reach out to me if you have any questions when it comes to purchasing or selling real estate.\u00a0\u00a0
I hope you and your family have a fantastic holiday season and I look forward to catching up with you soon.\u00a0<\/p>\n\n\n\n

Karen <\/p>\n","protected":false},"excerpt":{"rendered":"

I hope everyone has enjoyed the fall season as we seem to be getting right into winter.\u00a0 The fall Residential Real Estate Market was busy.\u00a0 The number of home sales … [read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1295,4,152,984,5,1146,153],"tags":[1174,7,220,158,92,343,1351,1336,1353,1339,1338,143,1352,617,672,126,43,9,1355,18,1173,1354,762,763,880,140,929,418],"class_list":["post-1605","post","type-post","status-publish","format-standard","hentry","category-christmas","category-community","category-health","category-investment","category-real-estate","category-seniors","category-toronto","tag-buying","tag-don-mills","tag-downsizing","tag-downtown-toronto","tag-east-york","tag-empty-nesters","tag-estate-stats","tag-fix-ups","tag-for-sale","tag-free-consultation","tag-free-evaluation","tag-gta","tag-homes","tag-investment-property","tag-karen-millar","tag-karen-millar-team","tag-leaside","tag-real-estate","tag-real-estate-family","tag-real-estate-investment","tag-selling","tag-sold","tag-staging","tag-staging-homes","tag-toronto-expert","tag-toronto-real-estate","tag-toronto-real-estate-expert","tag-toronto-real-estate-stats"],"_links":{"self":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts\/1605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/comments?post=1605"}],"version-history":[{"count":1,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts\/1605\/revisions"}],"predecessor-version":[{"id":1607,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts\/1605\/revisions\/1607"}],"wp:attachment":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/media?parent=1605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/categories?post=1605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/tags?post=1605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}