TORONTO — The Toronto Regional Real Estate Board says home sales in July were up from last year but down from a month earlier, despite a jump in listings.
The board said Tuesday there were 5,391 homes sold in July in the Greater Toronto Area , down about 13 per cent from June, when 6,202 properties changed hands.
"Recent reductions are certainly a positive sign, but the market is still behaving cautiously given continued uncertainty and weakness in the broader economy." New listings totalled 16,296 in July, up 18.5 per cent from last year. Listings growth outpaced sales on a year-over-year basis. The average selling price in July was $1,106,617, down 0.9 per cent from July 2023, when it was $1,116,950. It was also down from June, when the average home sold for $1,161,994.
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TORONTO Buyers And Sellers Interest Rate Reductions
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