The GTA housing market continued to strengthen in June, with home sales rising 9.4% year over year while new listings declined 12.9%. As inventory continues to be absorbed, competition among buyers is increasing across many neighbourhoods. 📈🏘️
The average selling price came in at $1,058,658, down 3.9% from last year, while the MLS® HPI benchmark declined 5.4%. 💼🔍
Compared to May, home sales increased while new listings declined. On a seasonally adjusted basis, both the average selling price and MLS® HPI benchmark edged higher, signalling continued strengthening market conditions across the GTA. 📊
Curious what this means for your next move? Reach out to Bolton & Clements Real Estate Group for insights tailored to your real estate goals. 🏡✨