The Toronto Real Estate Board (TREB) has just issued their monthly MARKET WATCH stats for July 2017 sales in the Greater Toronto Area. And, as per usual, they are an odd mix of good news/bad news (which is which is dependent on your point of view).
- 5,921 MLS residential transactions in July 2017;
- Down 40.4%, led by the detached homes in City of Toronto & surrounding regions;
- New listings up 5.1%;
- The MLS® Home Price Index (HPI) Composite Benchmark price up 18%;
- The Composite Benchmark down 4.6% relative to June;
- Monthly MLS® HPI declines driven by single-family homes;
- The average selling price up 5% to $746,218.
(Unless otherwise specified, all data is measured in terms of year-over-year.)