The PSR Market Report | June 2020
8,701 sales were reported through TRREB’s MLS® System in June 2020 by Toronto Regional Real Estate Board President Lisa Patel. This was an increase compared to May 2020 sales result, both on an actual (+89%) and seasonally adjusted basis (+84%), and was only down by 1.4% compared to June 2019.
New listings were up slightly on a year-over-year basis by 2.1%. However, active listings on TRREB’s MLS® System at the end of June 2020 were down by 28.8% compared to June 2019.
The average selling price for all home types combined was $930,869 in the GTA – up by 11.9% compared to June 2019.
The strongest average annual rates of price growth were experienced in the detached and semi-detached market segments in the City of Toronto at 14.3% and 22% respectively.
This, coupled with the fact that average selling price growth outstripped growth in the MLS® HPI benchmarks, points to a resurgence in the higher-end market segments.
Interested in last month’s PSR Market Report? Read our May 2020 PSR Market Report here.
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