TorontoMLS® Sales and Average Price Up in June

TORONTO - July 6, 2011

Greater Toronto REALTORS® reported 10,230 home sales through the TorontoMLS® system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by 4.5 per cent compared to the first half of 2010.

“The strong June result capped off an interesting first half of 2011,” said Toronto Real Estate Board President Richard Silver. “The pace of sales was a bit sluggish at the beginning of the year, but rebounded in May and June. ecause of the positive affordability picture, home buyers remained confident in their ability to purchase and pay for a home over the long term.”

Median Price
In June, the median price was $405,000, from the $367,750 recorded during June of 2010.

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