Toronto Real Estate Board reported 10,230 home sales through the Toronto MLS system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by 4.5 per cent compared to the first half of 2010.
The average price for June transactions was $476,371 – a 9.5 per cent increase over June 2010. Though the first six months of the year, the average selling price was $467,169 – almost an eight per cent increase compared to the same period in 2010.
In June 2011, the median price was $405,000, from the $367,750 recorded during June of 2010.
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