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. ๐ญ๐ธ
GTA REALTORSยฎ reported 6,243 home sales โ down 2.4% from June 2024 โ while new listings increased 7.7% year-over-year to 19,839. ๐๐
On a seasonally adjusted basis, sales rose month-over-month, while new listings declined โ a trend that points to tighter market conditions heading into summer. ๐๐
The average selling price came in at $1,101,691, down 5.4% from last year, while the MLSยฎ HPI Composite benchmark dropped 5.5%. ๐
Curious what this means for your real estate plans? DM us @boltonandclements for expert insights! ๐ฌ๐ผ
Bolton & Clements Real Estate Group
416-992-6260
andrew@boltonandclements.com
{subtitle}
16945 LESLIE ST UNITS 27-29
Newmarket, ON