Tuesday, July 19, 2011

June Market Update

The GTA saw 10,230 sales in June, up 21% from last June making it the 3rd best June on record.  This is quite the turnaround from the first half of 2011 -  down by 4.5% compared to the first half of 2010.

Average prices for June was $476,371, up by about 9.5% from June 2010 and up by about 8% from the average selling price for the first half of the year at $467,169.

Listing supply is down this year which is why we are seeing the average price increase. Buyer demand has pushed this price up in the second quarter of the year.

* Toronto Real Estate Board, New Release, July, 2011.

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