Toronto home sales up 10% for the month of June, TREB says

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The Toronto Legitimate Estate Board says home sales were up 10.4 per cent in June compared with after year as the market continued a moderate spring rebound.

It says the Cardinal Toronto Area saw 8,860 sales through the Multiple Listing Secondment system in the month, up from 8,024 in the same month last year.

The be produced in sales, combined with a very slight dip in new listings, helped propel the average selling price up three per cent to $832,703.

Sales data for the month commences roughly in line with trends for the first half of the year, which saw reduced in price on the markets up 8.5 per cent and the average selling price climb 2.4 per cent.

“Purchasers started moving off the sidelines in the spring, as evidenced by strong year-over-year expense growth,” said TREB chief market analyst Jason Mercer in a annunciation.

“Because we saw virtually no change in the number of new listings, market conditions tightened and worth growth picked up, especially for more higher density home personifications.”

Average condo selling prices have climbed five per cent so far this year, townhouse appraisals up 2.7 per cent, semi-detatched homes up 4.5 per cent, while uninvolved home prices have dipped 0.8 per cent.

For June, condo rewards climbed 5.2 per cent as sales dropped 3.2 per cent, while disconnected home prices dipped 1.4 per cent as sales rose 18.6 per cent.

New listings for June totalled 15,816, down 0.4 per cent from stay year.

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