The latest figures from Toronto’s real estate landscape paint an interesting picture for December 2024. According to the Toronto Regional Real Estate Board’s monthly analysis, homes are currently spending around 58 days on the market before selling. The standout performer this month was the semi-detached segment, which saw prices climb impressively to $1,302,024 – an encouraging 10.9% jump year-over-year. Detached properties experienced a minor softening, with values settling at $1,624,500 (a modest 0.3% decline), while the condominium sector showed resilience with a 1.7% uptick, bringing average prices to $719,774. However, the townhouse market faced considerable headwinds, with prices dropping sharply to $900,503, representing a significant 18.2% decrease compared to December 2023. This mixed performance suggests a market in transition, with buyers showing particularly strong interest in semi-detached options while steering clear of townhouse properties.