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 Market Watch
 May 1998

News Release

Price Breakdown

Single Fam. Res

Year-to-Date Single Fam. Res.

Single Fam. East

Single Fam. Central

Single Fam. North

Single Fam. West

Annual MLS Sales

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Market Watch
For Further Information: 443-8151

May best month in '98

TORONTO - Tuesday, June 2, 1998 -

Button - Number of MLS Sales
Button - Number of New MLS Listings
Button - Number of Active MLS Listings

    At 5,912, May sales of single-family dwellings were up just over 1 per cent from the 5,825 recorded in April, making last month the best reported so far this year by the Toronto Real Estate Board, Jimmy Lee, TREB President, announced today.

    The average price fell modestly in May, down to $222,148 from $222,194 in April. The median also fell slightly, to $188,500 from $189,000. However, both the average and median were up from May of 1997. The average rose 2 per cent from last year's $216,904, and the median rose 1 per cent from $186,500.

    Active listings continued their gradual rise in May, to 22,521 from last month's 22,174, an increase of about 2 per cent. However, they were still down 2 per cent from last May's 23,090.

    TREB's 5,912 single-family dwelling sales, which were reported throughout the Greater Toronto Area, totalled $1,313,341,371, and averaged $222,148. The median price was $188,500.

    Breaking down the total 2,224 sales were reported in TREB's 28 West districts and averaged $202,121; 890 sales were reported in the 14 Central districts and averaged $332,453; 1,116 sales were reported in the 23 North districts and averaged $242,078; and 1,682 sales were reported in TREB's 21 East districts and averaged $177,040.

    In addition to the sales of single-family dwellings, TREB Members reported 1,172 sales of properties of other types (P.O.T.) during May moving the total to 7,084. The dollar volume for properties of all types (P.A.T.) was $1,627,867,532, and the average price was $229,795.



      Single-Family Residential Breakdown

    LegendPie Graph

     

    Dwelling Type

    Single Detached

    Semi Detached

    Condo T.H.

    Condo Apt.

    Link

    Attached/Row

    Co-op Apt.

    Detached Condo

    Sales

    3,147

    615

    561

    1,097

    233

    241

    9

    9

    Median

    $230,000

    182,650

    145,000

    133,900

    185,500

    167,000

    87,500

    141,000


    Housing Market Indicators

    May 1997

    May 1998

    % Change

    Sales*

    5,797

    5,912

    (+2%)

    New Listings*

    8,903

    8,551

    (-4%)

    Active Listings**

    23,090

    22,521

    (-2%)

    * Single-Family Dwellings Only
    ** Properties All Types including Single-Family Dwellings.


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GR 06/98