GTA and Toronto Real Estate Statistics

GTA and Toronto Real Estate Statistics - June 2013

July 4, 2013 - The Toronto Real Estate Market continues to hold up relatively well overall, as reflected by the June, 2013 sales figures released today by the Toronto Real Estate Board.

The number of units sold in June was relatively unchanged from the same month a year earlier. 9,061 transactions were reported this June, compared with 9,129 in June 2012 - a 0.7% decrease. Sales were up in the 905 with the exception of Condo Apartments, but fell in the 416 in all property types.

Sales of Detached Homes, for example, rose 3.2% to 3,411 in the 905, but that number dropped 6.9% to 1,137 in the 416. Prices for Detached Homes rose in both areas: up 8.1% to $866,326 in the 416, and up 4.9% in the 905 to $598,708.

Sales of Condo Apartments fell 4% in the 416 and fell 2.3% in the 905. Average selling prices rose slightly in both areas - up 0.3% to $366,532 in the 416, and up 0.9% to $288,604 in the 905.

While New Listings coming onto the market tightened considerably - dropping 6.1% versus the year-earlier period - the overall number of available listings rose 7.9%. Total Sales of 9,061 and total available listings of 22,205 indicates a relatively balanced supply of 2.45 months of inventory.

The average time it took to sell was 24 days on the market, up from 22 days in June, 2012.

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