SEPTEMBER 2018 RESALE FIGURES RELEASED

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SEPTEMBER 2018 RESALE FIGURES RELEASED

The Toronto Real Estate Board reported 6,455 sales in September 2018 – up 1.9% compared to September 2017. The average selling price for September 2018 sales was up by 2.9% over the same period to $796,786. The MLS® HPI composite benchmark price was up by 2% year-over-year.

New listings in September 2018 amounted to 15,920 – down by 3.1% compared to September 2017. With sales up year-over-year and new listings down, market conditions became tighter.

On a monthly basis, after preliminary seasonal adjustment, sales edged up by 0.2% in September 2018 compared to August 2018. The average selling price, after preliminary seasonal adjustment, edged lower by 0.5% month-over-month.

Generally speaking, annual rates of price growth have been stronger for higher density home types in 2018, including condos, lofts, townhouses and semi-detached houses. In many neighbourhoods, these home types provide more affordable home ownership options.

 

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

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