There were 9,061 sales reported to the Toronto MLS system in June, down by less than one percent 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 TREB President Dianne Usher. "As a growing number of home-buyers, 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 of 2013," added Ms. Usher.
In Brampton, year to date, there has been 8,689 home listed for sale, of which 4,186 have sold. The average sale price is $422,208 and days on market is 26.