May 2018 Toronto Real Estate Market Stats
Toronto has had 7,834 sales through May 2018. The average sale price was $805,320. On a year-over-year basis, sales were down by 22.2%.
- Prices are still lower than a year ago as last year around this time it was a record-breaking year
- Moderate price growth since last month (1.1%)
- There is still supply issues as I'm seeing multiple offers all around Toronto
- Looks like the Toronto market is picking up speed again
The number of sales is lower than a year ago but about the same from April to May 2018.
New listings are up from April to May but inventory is still not enough to satisfy the buyer demand.
Average prices are about the same from April to May 2018.