Camilo  Mesa

Camilo Mesa

Sales Representative

ROYAL LEPAGE SIGNATURE REALTY, Brokerage*

Mobile:
416-985-9216
Office:
(905) 568-2121
Email Me
Camilo  Mesa

Camilo Mesa

Sales Representative

ROYAL LEPAGE SIGNATURE REALTY, Brokerage*

Mobile:
416-985-9216
Office:
(905) 568-2121
Email Me

AUG 2018

FANTASTIC NEWS!!

August market stats are out!

In the Greater Toronto Area, it is reported that there were 6,839 sales through TREB’s MLS® System in August 2018.

That is an 8.5% increase compared to August 2017.

Home prices continue to rise with the average monthly sale price up from $736,783 in January to $765,270 in August.

Month-over-month sales and price growth also continued in August.

On a preliminary seasonally adjusted basis, August 2018 sales were up by 2% compared to July 2018.

The seasonally adjusted August 2018 average selling price was down slightly by 0.2 % compared to July 2018

In August, the annual rate of sales growth outpaced the annual rate of new listings growth.

We only have slightly more than 2 1/2 months of inventory in the TREB market area as a whole and less than 2 months of inventory in the City of Toronto.

 

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