Toronto Real Estate ~ Market Watch
MLS reported 8,442 sales through for the month of June. This represented a 23 per cent decline compared to the record 10,955 sales reported in June 2009. Year-to-date sales through June were up 23 per cent to 50,455. The average price for June transactions was $435,034 – up eight per cent compared to which recorded for June 2009. The pace of home sales has moderated from record levels over the past two months. We are going through a healthy market correction at the moment. A balanced market is good for our Toronto Real Estate Market in the long run.