Sale price for October 2018 up 3.5 % on a year-over-year basis

The average sale price for October 2018 was up 3.5 per cent on a year-over-year

GTA REALTORS® Release October Stats

November 5, 2018 -- 

Greater Toronto Area REALTORS® reported 7,492 sales through TREB's MLS® System in October 2018 – a six per cent increase compared to October 2017.

 On a preliminary seasonally adjusted basis, sales were down by one per cent compared to September 2018.

The average sale price for October 2018 was up 3.5 per cent on a year-over-year basis to $807,340. 

 Price growth continued to be driven be the condominium apartment and higher density low-rise market segments.

There were 14,431 new Listings entered into TREB's MLS® System in October 2018 – down 2.7 per cent compared to October 2017. The fact that sales were up and new listings were down year-over-year in October suggests that market conditions became tighter."

"Annual sales growth has outstripped annual growth in new listings for the last five months, underpinning the fact that listings supply remains an issue in the Greater Toronto Area." said Jason Mercer, TREB's Director of Market Analysis. 

source TREB