Toronto Real Estate Home Sales - july 2009

TORONTO - Monday, July 6, 2009

In June 2009, Greater Toronto
REALTORS® reported a record 10,955
sales, up 27 per cent from June 2008.

The seasonally adjusted annual rate of
sales in June was 100,700

“The record result in June is testament
to the fundamentally sound housing
market in the GTA,” said TREB President
Tom Lebour. “An increasing number
of households have been confident
in purchasing a home in the region’s
affordable and diverse resale housing
market.”

The average price for June transactions
was $403,972 – up by two per cent
compared to the same month last year.

“The re-emergence of seller’s market
conditions has exerted upward pressure
on home prices,” explained Jason
Mercer, TREB’s Senior Manager of
Market Analysis. “Look for sales to
remain high relative to listings in the
second half of the year.

This will keep
home prices growing.”

Median Price
In June the median price was
$345,000, from the $335,250
recorded during June of 2008.