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TEAM SPANOVIC JANA AND ZORAN
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Monthly Resale Housing Figures
Wednesday, 07 July 2010, 03:35:51 PM

TORONTO, JULY 6, 2010

 

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TORONTO, JULY 6, 2010

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 newly

elected 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.”

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

GTA REALTORS® Report Monthly Resale Housing Figures

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