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May best month in '98
TORONTO - Tuesday, June 2, 1998 -
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 Dwellings Only
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