Greater Toronto June 2013 Resale Housing Statistics

 Toronto June 2013 Monthly Housing Sales

TORONTO, July 4, 2013 – Greater Toronto Area REALTORS® reported 9,061 sales through the TorontoMLS system in June 2013 – down by less than one per cent compared to June 2012. Over the same period, new listings were down by a greater rate than sales, suggesting market conditions became tighter.

“The sales picture in the GTA improved markedly in the second quarter of 2013. While the number of transactions was still down compared to 2012, rates of decline were substantially improved compared to the first quarter,” said Toronto Real Estate Board President Dianne Usher.

“As a growing number of homebuyers, many of whom put their purchase on hold due to stricter lending guidelines, now reactivate their search, the expectation is for renewed growth in home sales in the second half of 2013,” added Ms. Usher.

The average selling price in June was up by 4.7 per cent year-over-year to $531,374. In line with the 2013 norm, June price growth was driven by the single-detached and semi-detached market segments, particularly in the City of Toronto. Over the same time period, average condominium apartment selling prices remained in line with 2012 levels.

“The short supply of low-rise home types in many parts of the GTA relative to the number of households looking to buy continued to prompt strong upward pressure on selling prices of singles and semis,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “We have also seen enough buyers in the better-supplied condo apartment market to provide support for selling prices at current levels.”

Summary of TorontoMLS Sales and Average Price June 2013

June  1 – 30

2013

2012

Sales

Average Price

Sales

Average Price

City of Toronto -416

3,265

$578,575

3,435

$553,417

Rest of GTA – 905

5,796

$504,784

5,694

$479,546

GTA

9,061

$531,374

9,129

$507,342

 June 1 – 30 2013

 Housing Styles

Sales

Average Price

416

905

Total

416

905

Total

Detached

1,137

3,411

4,548

$866,326

$598,708

$665,613

Yr/Yr % Change

-6.9%

3.2%

0.5%

8.1%

4.9%

5.2%

Semi-Detached

380

623

1,003

$618,194

$411,877

$490,043

Yr/Yr % Change

-3.1%

0.8%

-0.7%

9.5%

3.7%

6.0%

Townhouse

379

1,054

1,433

$443,126

$378,264

$395,418

Yr/Yr % Change

-5.3%

0.9%

-0.8%

-1.6%

6.0%

3.3%

Condo Apartment

1,329

556

1,885

$366,532

$288,604

$343,546

Yr/Yr % Change

-4.0%

-2.3%

-3.5%

0.3%

0.9%

0.4%

 

If you are looking for additional housing statistics which breaks down sales for Toronto east and Toronto central check out the following link.

Toronto East Monthly Statistics 2013

Toronto Central Monthly Statistics 2013

 

You can also review monthly statistics for a number of specific Toronto neighbourhoods which are updated on a monthly basis.  What you will find are statistics for the monthly sales including:  days on market, average price, homes sold and sold to listing price ratio.

If you don’t see the neighbourhood you are looking for, contact me and I will try and pulled together the statistics for you.  Most of my clients find these statistics incredibly helpful in determining monthly pricing cycles and how homes are trending within the neighbourhood they are considering.