Market Watch - June 2018

Martket Watch – June 2018

June 2018 Home Sale and Price data are out!

GTA                                                       June 2018                            June 2017                            Change

Sales                                                      8,082                                     7,893                                     2.4%

Average Price                                    $807,871                              $791,929                     2.0%                                                     

Average Days on the Market      21                                           15                                           40.0%

Data from the Toronto Real Estate Board showed the number of new listings were down by 18.6% compared to June 2017.

The average selling price for all home types was up by 2% to $807,871. On a seasonally adjusted basis, the average selling price was up by 3.3% compared to May 2018.

Average Sale price data for June 2018 for:

Home Types                      Oakville                               Burlington                          Milton                                  Mississauga

Detached                            $1,376,625                           $1,005,173                           $878,146                              $1,081,405

Semi-detached                 $751,261                              $637,549                              $661,609                              $714,602

Townhouses                      $828,655                              $617,626                              $607,177                              $688,008

Condo Townhouses        $584,893                              $507,775                              $468,889                              $562,007

Condo Apartments         $592,045                              $489,888                              $431,700                              $422,725

Mortgage rates in June 2018:

1 yr         3.49%

3 yr         4.30%

5 yr         5.34%   

Source: Toronto Real Estate Board          

In this video, Jason Mercer, Director of Market Analysis at TREB, discusses the Market Watch Report for June 2018.

http://communications3.torontomls.net/video_centre/featured_video1.html