The real estate market in Aurora for all property types has shown a slight increase in average sale price from the previous month, with the average price rising to $1,447,477 in March from $1,454,030 in February. This represents a 0.4% increase month-over-month. However, compared to one year ago, the average sale price has increased by 6.33%, indicating a steady upward trend in property values over the past year. The number of properties sold has also increased from 70 in February to 85 in March, showing a 21.4% increase month-over-month. The average days on market has remained relatively stable at 20 days in March, compared to 17 days in February, suggesting a balanced market where properties are selling quickly.

The sales price to list price ratio has increased slightly from 102% in February to 104% in March, indicating that sellers are receiving offers closer to their asking price. The months of inventory have decreased from 1.47 in February to 1.2 in March, showing a tightening of the market and increased competition among buyers. Overall, the data suggests a strong and active real estate market in Aurora for all property types, with increasing property values, a higher sales volume, and a balanced market favoring both buyers and sellers.

Read the full article on: Toronto Regional Real Estate Board