Wednesday, July 20, 2016


Home sales set new all-time record in June
Highlights
·         Residential sales up 6.5% in June 2016 compared to a year earlier.
·         New listings in Ontario numbered 37,666 units in June 2016, a decrease of 6.2% compared to last year.
·         The provincial average price of homes in June 2016 rose 13.9% compared to a year earlier.
·         There were just 1.9 months of inventory at the end of June 2016.

 

 
Unit Sales
Residential sales activity reported through the MLS® Systems of real estate Boards and Associations in Ontario numbered 28,030 units in June 2016, up 6.5% from a year earlier.

Unit Sales

 
Newly Listed Units
New listings on the MLS® Systems of real estate boards in Ontario numbered 37,666 units in June 2016, a decrease of 6.2% from a year earlier.
Newly listed units
 

 
Average House Price
The provincial average price for homes sold in June 2016 was a record $544,009, rising 13.9% from a year earlier.
Average house price
 

 
Months of Inventory
There were just 1.9 months of inventory at the end of June 2016, down from 2.8 months from the same time one year ago. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Inventory
 




 
 
Sales to New Listings Ratio       

 



Source: The Canadian Real Estate Association. Monthly Stats Report.

Ontario Real Estate Association

Please do not reply to this email. If you wish to unsubscribe to this mailing list, please click here

Ontario Real Estate Association | 99 Duncan Mill Rd. | Don Mills, ON | M3B 1Z2 | 1-800-265-6732

If you have any questions, please contact orearesearch@orea.com

No comments: