Housing affordability in the GTA continued to improve this June, with average prices and borrowing costs lower than last year. But despite some month-over-month momentum, many buyers are still sitting on the sidelines due to economic uncertainty. 💭💸
GTA REALTORS® reported 6,243 home sales — down 2.4% from June 2024 — while new listings increased 7.7% year-over-year to 19,839. 📊🏠
On a seasonally adjusted basis, sales rose month-over-month, while new listings declined — a trend that points to tighter market conditions heading into summer. 🔄🌞
The average selling price came in at $1,101,691, down 5.4% from last year, while the MLS® HPI Composite benchmark dropped 5.5%. 📉
Curious what this means for your real estate plans? DM us @boltonandclements for expert insights! 📬💼
📢 Market Update Alert! 🏡📉
