July 6, 2010 -- Greater
Toronto REALTORS®
reported 8,442 sales
through the Multiple
Listing Service® (MLS®)
in June. This
represented a 23 per
cent decrease compared
to the record 10,955
sales reported in June
2009. Sales for the
second quarter of 2010
amounted to 28,810 – up
one per cent annually.
Year-to-date sales
through June were up 23
per cent to 50,455
compared to the first
six months of 2009.
"We experienced a record
number of existing home
sales during the first
half of 2010, but these
sales were weighted more
towards the beginning of
the year," said Toronto
Real Estate Board
President Bill Johnston.
"The pace of home sales
has moderated from
record levels over the
past two months with the
prospect of higher
mortgage rates."
The average price for
June transactions was
$435,034 – up eight per
cent compared to the
average of $403,972
recorded for June 2009.
"With more homes to
choose from in the
second quarter, many
home buyers have been
making less-aggressive
offers. This has
resulted in less upward
pressure on the average
selling price," said
Jason Mercer, TREB's
Senior Manager of Market
Analysis. "The annual
rate of average price
growth in the second
half of 2010 will be in
the single digits."
Median Price
In June, the median
price was $367,750, from
the $345,000 recorded
during June of 2009.
Note to users:
Although TREB endeavours to
ensure the accuracy and
timeliness of information,
it is not guaranteed. TREB
accepts no responsibility
for any loss arising from
any use or reliance on the
information contained
herein.
All information on this site is
provided by Toronto Real Estate
Board.
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