NOVEMBER 2018 RESALE STATISTICS RELEASED

Main Content

NOVEMBER 2018 RESALE STATISTICS RELEASED

The Toronto Real Estate Board reported 6,251 residential transactions in November 2018. This result was down by 14.7% compared to November 2017. The average selling price was up by 3.5% year-over-year to $788,345.

New listings were actually down 26.1%, more than sales on a year-over-year basis in November. This suggests that in many neighbourhoods, competition between buyers has increased. Relatively tight market conditions over the past few months has provided the foundation for renewed price growth.

On a preliminary seasonally adjusted basis, sales were down by 3.4 % compared to October 2018. The average selling price after preliminary seasonal adjustment was down by 0.8% compared to October 2018.

 

If you want to buy or sell a luxury home in Toronto, contact Casey Ragan at 416.486.5588 or by email at casey(at)remaxhallmark(dotted)com

Casey Ragan

“Toronto’s Luxury Real Estate Authority”

Toronto Luxury Homes

Like Me on Facebook

Follow Me on Twitter

Link to Me on LinkedIn