[Infographic] Toronto Real Estate Market Report - May 2014

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Listings Down - Sales Up in May

May marked the peak of the spring market when the number of sales and average selling prices are usually the highest. This May was no different. In fact, it was a new high with report sales of 11,079 – up 11.4 per cent compared to 9,946 sales reported in May 2013. This coupled with a lack of listings increased competition between buyers and price growth well above the rate of inflation, especially for singles, semis and townhomes. Despite this strong price growth, borrowing costs have remained at or near record lows over the past few months.

Here’s a quick look at this months’ sales numbers for the Greater Toronto Area. Feel free to share this infographic on Facebook or Google+

For the full report visit the Toronto Real Estate Board website Market Watch page.

If you are considering buying or selling a home or would like information about real estate in your area, contact a member of our Client Care team at 416.238.1542 or 1.800.362.0893, or email client.care@century21.ca. We’d be happy to refer you to a local real estate expert or arrange for a private viewing of Toronto homes that best fit your needs!!

Source: Toronto Real Estate Board (TREB) Market Watch


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