Summer housing sales stay strong

The housing market in the Greater Toronto Area stayed strong in the summer.

There were 7,600 sales through the TorontoMLS system in August 2014, a 2.8% increase compared to August of last year.

“The fact that sales were up for all major home types in August suggests that first-time buyers and existing home owners remain very active in today’s marketplace,” says Toronto Real Estate Board president Paul Etherington.

The average selling price in August 2014 was $546,303 – up 8.9% in comparison to the average of $501,677 reported in August 2013. 

The year-to-date average price through August was $562,504, which represented an increase of 8.5% in comparison to the same period in 2013.

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Peter West

Peter West

Sales Representative
CENTURY 21 Percy Fulton Ltd., Brokerage*
Contact Me

Tags