Whitby Team Market Report - Whitby

October - 2022

Highlights

• The average home sold price in the Toronto area decreased 6% year-over-year to $1,089,428 for October 2022.
  
• A significant slump in sales and negative year-over-year price growth highlights the continued slowdown in Toronto’s housing market.
  
• Detached home's average price decreased by 11% year-over-year to $1.37M.
  
• Semi-detached home's average price decreased by 6% year-over-year to $1.08M.
  
• Freehold townhouse's average price decreased by 6% year-over-year to $1.02M.
  
• Condo apartment's average price increased by 2% year-over-year to $717k

• National home sales were down 3.9% on a month-over-month basis in September.
• Actual (not seasonally adjusted) monthly activity came in 32.2% below September 2021.
• The number of newly listed properties edged down 0.8% month-over-month.
• The MLS® Home Price Index (HPI) declined by 1.4% month-over-month but was still up 3.3% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 6.6% year-over-year decline in September.