Greater Toronto REALTORS(R) reported 10,230 home sales through the TorontoMLS(R) system in June 2011 - up 21 per cent compared to June 2010. This number represented the third best June result on record, behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 - down by 4.5 per cent compared to the first half of 2010.
"The strong June result capped off an interesting first half of 2011," said Toronto Real Estate Board President Richard Silver. "The pace of sales was a bit sluggish at the beginning of the year, but rebounded in May and June. Because of the positive affordability picture, home buyers remained confident in their ability to purchase and pay for a home over the long term."
Number of Homes Sold in Durham Region
In Durham Region a similar picture emerged. There is still a shortage of well-priced listings especially in the lower price bracket. In June 1,586 new listings came to the market compared to 1,615 in June of 2010.
Average Home Sale Price in Durham Region
The robust price appreciation that we have seen will hopefully prompt more households to list, resulting in a more balanced market later this year.
Sales / Active Homes in Durham Region
