Homes are selling the fastest and slowest in these southern Ontario neighbourhoods [Video]

Home sales in the Greater Toronto Area are slower or faster depending on the community.

The average number of days that a home remains listed for sale in the Greater Toronto Area ranges between 10 and 63, according to a new analysis from digital real estate platform Wahi.

It’s taking longer for homes to sell in 86 per cent of neighbourhoods across the GTA compared to last year, but they’re still changing hands at a “rapid fire rate in select pockets,” Wahi said.

Wahi looked at the average period of time that homes stayed listed on the market before selling (or being delisted) in approximately 400 neighbourhoods throughout the GTA during the third quarter of the year.

While the real estate market is showing signs of rebounding, not all areas are equal.

In general, the neighbourhoods with the quickest turnover were low-rise neighbourhoods in the City of Toronto.

Wahi’s study reveals how the speed of home sales varies drastically in different parts of the region.

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