August home sales in Toronto up 13.4 per cent compared with year ago
A sold sign is shown in front of west-end Toronto homes Sunday, May 14, 2017. THE CANADIAN PRESS/Graeme Roy
The Canadian Press
Published Thursday, September 5, 2019 9:46AM EDT
TORONTO -- The Toronto Real Estate Board says home sales in the Greater Toronto Area in August were up 13.4 per cent compared with a year ago.
The board say there were 7,711 home sales through its MLS system in August, up from 6,797 sales reported in August 2018.
On a month-over-month basis, seasonally adjusted sales were up 0.8 per cent.
The increase in sales came as the MLS home price index composite benchmark for August rose 4.9 per cent on a year-over-year basis.
The average selling price was $792,611 in August, up 3.6 per cent compared with a year ago.
The board noted that market conditions were tighter in August compared with a year ago as overall active listings at the end of the month were down by more than 11 per cent compared with August 2018.