March 2020 was comprised of pre- and post-COVID 19 periods. Sales during the first half of March (the pre-COVID 19 period) sales were brisk but declined dramatically during the second half (the post-COVID 19 period) of the month. Overall the Toronto Real Estate Board reported 8,012 homes sold in March 2020. This March sales volume represents a 10.6 percent increase over the February 2020 sales volume as well as a 12.3 percent increase over the sales volume reported for March 2019.
This chart graphically depicts the number of single family homes sold in the years 1980 through to 2019. The volume of sales in the Toronto area experienced peaks in 1986 and 1988 followed by slow years during the early 1990's. Sales volume picked up from 1996 onwards. Sales of resale homes in 2016 were the highest recorded. Total sales volume in 2018 declined by approximately 31.5 percent from the high of 2016, and was 16.1 lower than 2017. Total sales volume in 2019 was approximately 11 percent higher then 2018.
[Note: the Toronto Real Estate Board's geographic boundaries were changed during the period depicted in the graph, so direct comparisons between 1996 and 1986 for example, are not valid]
This chart depicts the number of resale homes sold to the end of March for each of the years 1991 through to 2020. 2020 sales volume year-to-date was 23 percent higher then 2019 but 21 percent lower than 2017.
This chart depicts the number of active listings (properties for sale) on the Toronto Real Estate Board. There were 10,676 properties listed for sale in March 2020 which represents a 21 percent increase over the number of properties listed for sale in February 2020 but significantly a 31.5 percent decline from the number of properties listed for sale a year ago in March 2019. The number of new listings coming onto the market in March was 3 percent higher than a year ago.
This chart breaks down single family residential sales during March 2020 into the various different categories of property such as single family detached, semi-detached, townhouse etc.
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This chart breaks down sales of single family homes during March 2020 into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Sales volumes during March were highest in the $700,000 - $800,000 price range with sales in the $600,000 - $700,000 range coming in a close second. The mix between sales of higher priced homes versus lower priced homes directly affects the average selling price reported for the month.