June 2018 Toronto Real Estate Market Stats
Toronto has had 8,092 sales through June 2018 and that is up from last year's sale of 7,893 (2.45% increase). The average sale price was $807,871. Compared to a year ago ($791,929) prices are up 2%. Compared to May 2018 sales are 3.3% and prices are about the same.
- Prices have not dropped and are about the same as last year at this time.
- Price growth is about 0 compared to May 2018
- The condo market is actually slowing down with the increase in supply
- The freehold market is starting to slowly turn around
The number of sales is a little higher than a year ago and is also higher than May 2018.
New listings are down in June compared to May. We are also down from a year ago. This usually signifies that supply will be an issue coming up and it's a telltale sign that prices will be going up in the next couple of months.
Average prices are about the same from May to June 2018.