Home sales in the GTA may have dropped 12.5 per cent in August, but the average selling price was up by 6.5 per cent, according to the latest real estate figures.
In York Region, the average price was $592,552, compared to the average price of $468,792 in the rest of the GTA.
The number of new listings reported for the month was down 5.5 per cent compared to the same period last year.
With both sales and new listings declining, market conditions remained tight with “substantial” competition between buyers in the low-rise market segment, Jason Mercer, senior manager of market analysis with the Toronto Real Estate Board, said.
“The trends for sales and new listings are moving somewhat in synch, suggesting that the relationship between sales and listings will continue to promote price growth moving forward,” he said.
Source: http://www.yorkregion.com/news/article/1497834--real-estate-numbers-dropped-in-august-report
No comments:
Post a Comment