But as detached house values have soared, a surge in condo supply has rendered prices in that category relatively flat, said the TRREB on Wednesday.

There were 7,441 detached houses listed last month, a year-over-year increase of 6.9 per cent.

Condo listings more than doubled to 6,193, compared to October 2019.

It’s a substantial turnaround from the 2017 and 2018 market, when the condo sector was among the tightest, said the board’s chief market analyst, Jason Mercer.

“We still are seeing sales up relative to what we saw last year. It’s not a scenario where sales and demand are drying up. It’s that buyers are benefiting from more choice and you would expect them to take advantage of that over time,” he said.

The average price for all resale houses and condos rose 13.7 per cent year over year, last month to $968,318.

Detached houses sold for $1.2 million on average, a 14.8-per-cent increase this year, compared to last October. Sales were up 33.9 per cent across the region for those houses.

The board says the average selling price for homes was $968,318 in October, 13.7 per cent higher than last October’s average of $851,877.

TRREB’s chief market analyst Jason Mercer says the housing market has now caught up to where it was this time last year, despite a near halt in home sales this spring when the COVID-19 lockdown began.

But the pandemic has pulled buyers away from downtown condos and toward more spacious detached homes with yards, according to board president Lisa Patel.

As buyers competed over limited listings for detached homes, the number of condos listed for sale this October was double the number of condos that hit the market in October 2019.

Condo sales rose 2.2 per cent overall compared with this time last year, but fell 8.5 per cent in the city of Toronto and increased 28.4 per cent in the suburbs.