{"id":15860,"date":"2018-10-17T14:49:35","date_gmt":"2018-10-17T18:49:35","guid":{"rendered":"http:\/\/www.zoocasa.com\/blog\/?p=15860"},"modified":"2018-10-17T14:49:35","modified_gmt":"2018-10-17T18:49:35","slug":"october-mid-month-sales-see-short-term-gains-report","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/october-mid-month-sales-see-short-term-gains-report\/","title":{"rendered":"October Mid-Month Sales See Short-Term Gains: REPORT"},"content":{"rendered":"

It\u2019s that time of year \u2013 as the leaves start to fall, typically so do real estate sales. The \u201cback-to-school\u201d rush has passed and prospective home buyers are wrapping up their deals before the snow flies and the holidays set in.<\/p>\n

That last-minute flurry of activity is reflected in generally stronger month-over-month sales than what was recorded during the same two weeks in September, though a surge of new listings of some home types made the market a mix of buyers\u2019 conditions in the short term.<\/p>\n

From a year-over-year perspective, sales are mostly flat, with slight increases in new listings across some home types.<\/p>\n

Check out how sales and new listings for the first two weeks of October compare to the same time period last month, and in 2017, in the infographic below:<\/p>\n

October Mid-Month Sales and New Listings<\/h2>\n

\"toronto-home-sales-oct-2018-mtd-zoocasa\"<\/a><\/p>\n

Detached Houses<\/h3>\n

Sales are roughly flat while listings are up from the same time period in 2017, thrusting both the City of Toronto and the TREB region as a whole into slightly softer buyers\u2019 territory.<\/p>\n

Sales activity rose just 1% in the 416 while newly-listed homes increased by 20% from last year, and fell into the negatives, at -3%, throughout TREB, juxtaposed by an 8% jump in listings.<\/p>\n

The short-term picture is much stronger, however, with sales of Toronto houses<\/a>\u00a0up by 52% from the same two weeks in September and up by 14% throughout the TREB region. Month-over-month listings also decreased by 10% and 16%, respectively, pushing the market into slightly tighter conditions, though still well within buyers\u2019 range.<\/p>\n

Semi-Detached Houses<\/h3>\n

An uptick in sales, both from a month-over-month (47% in the 416 and 24% in TREB) and year-over-year (18% and 8%) perspective have been partially offset by a surge of new listings; however, the TREB region as a whole recorded a slight decrease from September, which made the market slightly more competitive in October.<\/p>\n

Condo Apartments<\/h3>\n

Sales are up for both Toronto condos<\/a>\u00a0(2% y-o-y and 11% m-o-m) and in the TREB region (1% y-o-y and 5% m-o-m), with slightly more inventory (8% in both regions) added compared to the same time frame last year. However, from a month-over-month perspective, the number of new units fell 4%, leading to slightly tighter condo buying conditions.<\/p>\n

Condo Townhouses<\/h3>\n

The number of units changing hands rose modestly \u2013 2% -from last year in both the 416 and TREB along with new listings, which rose 16 and 4%, respectively.<\/p>\n

However, Toronto townhouses<\/a>\u00a0are experiencing an especially strong October thus far, with sales rose 35% from the same two weeks in September, and new listings down 19%. In the TREB region as a whole, they\u2019re down a slight 2%, though that decline is more than offset by a 14% plunge in new listings, keeping the market on the higher edge of buyers\u2019 territory.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s that time of year \u2013 as the leaves start to fall, typically so do real estate sales. The \u201cback-to-school\u201d rush has passed and prospective home buyers are wrapping up their deals before the snow flies and the holidays set in. That last-minute flurry of activity is reflected in generally stronger month-over-month sales than what […]<\/p>\n","protected":false},"author":39,"featured_media":15863,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[1107,33],"tags":[],"class_list":["post-15860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-real-estate-news"],"yoast_head":"\nOctober Mid-Month Sales See Short-Term Gains: REPORT | Zoocasa<\/title>\n<meta name=\"description\" content=\"The latest October mid-month sales numbers reveal slightly stronger short term activity, though the number of homes exchanging hands is...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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