Just as predicted, the GTHA Market has started to rebound and is gaining momentum heading into the summer. Last April, it was speculated that the housing market was set to regain its strength by mid 2018!
June 2018, for the first time in a year, has resulted in stats surpassing those of in 2017. June 2018 saw 8082 sales, surpassing June 2017’s 7,893. Average price also increased over June 2017, as this year the average sale price broke $800,000 and finished at $807,871 compared to last year’s $791,929.
The Average price is up 9.8% from January 1, 2018 to June 30, 2018 with 20% of the sales occurring in June itself! So fasten your seatbelt, summer is the new spring. The market is showing signs that it’s about to take off!