NEWS RELEASE 

 


GTA REALTORS® Release Mid-Month Resale Housing Figures

 

June 18, 2013 -- Greater Toronto Area REALTORS® reported 4,620 sales through the TorontoMLS system during the first two weeks of June 2013.  This result was up by 4.7 per cent compared to the first two weeks of June 2012.  Year-over-year sales growth was driven by the regions/counties surrounding the City of Toronto.  Home sales in the City were basically flat in comparison to last year.

 

“The expectation was for an improvement in home sales in the second half of 2013.  Early June results are in line with this outlook.  Many households have adapted to stricter lending guidelines and have renewed their search for ownership housing,” said Toronto Real Estate Board President Ann Hannah.

 

“It is also important to note that new listings were down over the same period.  With sales up and new listings down, market conditions became tighter.  This supports the moderate to strong rates of price growth reported for most major home types, including condominium apartments,” added Ms. Hannah.

 

The average selling price for the first fourteen days of June was $536,141 – up by 3.8 per cent compared to June 2012.

 

“While price growth has been driven by low-rise home types this year, condominium apartment price growth has improved since March.  Despite higher inventory levels, there have been enough buyers relative to available listings to support condo price appreciation,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

 

Summary of TorontoMLS Sales and Average Price June 1 – 14, 2013

 

 

 

 

 

 

 

2013

2012

Sales

Average Price

New Listings

Sales

Average Price

New Listings

City of Toronto ("416")

1,636

$590,468

3,153

1,644

$566,789

3,370

Rest of GTA ("905")

2,984

$506,356

5,108

2,768

$486,557

4,970

GTA

4,620

$536,141

8,261

4,412

$516,453

8,340


TorontoMLS Sales & Average Price  By Home Type June 1 – 14, 2013

 

 

 

 

 

 

 

Sales

Average Price

416

905

Total

416

905

Total

Detached

577

1,759

2,336

877,384

601,995

670,017

Yr./Yr. % Change

-4.0%

8.5%

5.1%

7.0%

3.8%

3.9%

Semi-Detached

197

317

514

631,667

410,751

495,421

Yr./Yr. % Change

13.9%

12.4%

13.0%

10.3%

4.8%

7.6%

Townhouse

182

548

730

449,346

378,265

395,986

Yr./Yr. % Change

-12.9%

10.5%

3.5%

-2.8%

3.4%

0.4%

Condo Apartment

662

285

947

374,421

284,608

347,392

Yr./Yr. % Change

2.2%

1.4%

1.9%

1.8%

1.2%

1.7%

 

 

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