"Analyzing the Real Estate Market in Aurora: A Look at Prices, Sales, and Inventory"
The real estate market in Aurora has experienced a significant increase in the average price of all property types over the last month, with a benchmark price of $1,428,400 and an HPI index of 418.9. However, the market has seen a decline in prices over the past year, with a decrease of 5.89%. The market has been on an upward trend over the past three and five years, with an increase of 52.66% and 57.19%, respectively.
Over the last 12 months, Aurora has seen a high number of properties sold, with an average of 87 properties sold per month. The average price of properties sold is $1,418,397, and the average days on the market is 11. The market has been highly competitive, with an average selling price to listing price ratio of 106% and a sales-to-new-listings ratio of 62.96%. The market has also seen a high number of new listings, with an average of 116 new listings per month, and a low number of active listings, with an average of 81 active listings per month. The months of inventory have been low, with an average of 1.0588235294117647 months of inventory.
Read the full article on: Toronto Regional Real Estate Board
