The August 2024 Toronto Market Report, based on statistics from the Toronto Regional Real Estate Board, shows that the average days on the market for properties in Toronto is 47, indicating a slightly longer time frame for property sales compared to previous months. The report outlines the average selling prices for different property types: Detached homes average $1,692,239, reflecting a 3.2% increase from August 2023; Semi-detached homes average $1,204,678, down by 2.6%; Townhouses average $906,594, a 6.6% decrease; and Condos average $681,835, down by 6.0%. These figures point to varying trends in the market, with detached homes continuing to rise while other segments see slight declines in average selling prices.