Here are the Toronto neighbourhoods where homes are selling the fastest right now

We are currently in more of a buyer's market than Toronto's real estate world is used to after an extended period of slipping sales, with the future of the condo segment, in particular, still quite unsure.

One indicator of the sorry state of things (sorry for owners, builders and realtors, that is) is the fact that listings are sitting unsold for far longer than they used to in a city that has traditionally been defined by sky-high prices and bidding wars, even for rental units.

But, little signs of life are slowly returning for some segments, and new data from listing site Wahi shows where homes in the GTA are starting to be snapped up sooner — and which areas are still seeing very little demand.

In a new report that examined the average number of days houses and condos in different parts of the region are spending on the real estate market, the firm found that homes in certain neighbourhoods are selling up to eight weeks faster than others.

In Raymersville, Markham, for example, the typical house is only up for sale for about 10 days until it finds a buyer, even though the median price in the area is close to $1.4 million.

Chart from Wahi

Five neighbourhoods in Toronto also had low averages of only 11 days in the last quarter: Allenby, Broadview North, Fallingbrook, Sunnlea and Thistledown. Parkview-Topham Park, in East York, was also in the top 9 fastest-selling communities (13 days), along with Blue Grass Creek in Whitby (13 days) and Milliken Mills West in Markham (also 13 days).

Burlington, meanwhile, is a place where buyers may have more negotiating power on price, as homes just aren't selling as rapidly. Four of the slowest-selling areas in the Toronto area were in Burlington, with homes sitting on the market for between 57 and 63 days.

This is even while prices in certain corners of the Ontario town are far cheaper than most of the region — like in Freeman, Burlington, which topped the list, and where the standard home is going for $675,000.

Chart from Wahi.

As Wahi's CEO writes alongside the findings, "People talk about there being a Toronto housing market, but real estate is also influenced by factors on a much more local level. The type of property, how it's priced, the neighbourhood it's located in and more all have an impact on how quickly it sells."