The real estate market in Whitby for all property types has shown a slight increase in the average sale price from $1,029,071 in January to $1,030,308 in February. This represents a 0.12% increase month-over-month. However, compared to the same time last year, there has been a slight decrease of 0.13% in the average sale price. The number of properties sold has also increased from 107 in January to 141 in February, indicating a 31.78% increase in sales volume. The average days on market has decreased from 32 days in January to 16 days in February, suggesting a faster pace of sales.

The sales price to list price ratio has remained relatively stable at 99% in both January and February, indicating a balanced market where buyers and sellers are able to negotiate prices effectively. The benchmark price for all property types in Whitby is $1,029,900, with a Home Price Index of 392.3. The market continues to show strong demand with a sales-to-new-listings ratio of 61.04%, indicating a healthy balance between supply and demand. Overall, the data suggests a stable market with steady sales activity and moderate price growth, providing opportunities for both buyers and sellers in the Whitby real estate market.

Read the full article on: Toronto Regional Real Estate Board