North York average home price increased in May 2023

North York average home price increased in May 2023

North York average home price increased in May 2023

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North York average home price increased in May 2023!

Freehold Market

The freehold houses' average price, was up 3.3% from the previous month, up 5.6% from the same month last year. The average time to sell this type of home is around 15.3 Days. The current month of inventory of houses in North York is about 1.7. Therefore, this segment of housing is currently in a Seller's Market.

Condo Market

The condo market is a Strong Seller's Market. It takes an average of 14 days to sell a condo unit in North York. The average price was up 2.9% from the previous month, up 1.6% from the same month last year. The new listings were up 20.0% from the previous month, and down 9.2% from the same month last year.

Yonge/Finch - Donmill/Sheppard

Condos average price across Willowdale area was unchanged v.s. last month, down 2.7% from the same month last year. The average time to sell a condo in this area is around 14.9 Days. The current month of inventory of condos near Sheppard Finch Subway Line is about 1.5. The condo market in this area is currently in a Strong Seller's Market.
Condos average price at Bayview Village was up 15.9% from the previous month, up 24.2% from the same month last year. The average time to sell a condo in this area is around 13.6 Days. The current month of inventory of condos near Bayview Subway Line is about 1.3, a Strong Seller's Market.
Condos average price near Fairview Mall was up 4.6% from the previous month, down 9.0% from the same month last year. The average time to sell a condo in this area is around 16.7 Days. The current month of inventory of condos near Donmill Subway is about 1.8, a Seller's Market.

If you plan to move to North York or you want to learn more about real estate investment opportunities in North York, please contact North York real estate agent Realtor Alan Zheng at 647-877-9311.