July 2001 was another record month, with 5807 sales passing through TREB’s MLS system, TREB President David Pearce reported today. This was up a whopping 23% from the 4,729 sales recorded in July 2000, and up 6% from the previous record of 5,472 seen in July 1999.

“We are on course for a record year,” Mr. Pearce continued, “In the first seven months our MLS system recorded 40,823 sales. This is up 9% from the 37,303 recorded during the same time period in 1999, our previous best performance. The president went on to note that the average price was up 6% from the $236,526 recorded in July 2000.

Breaking down the total, 2,125 sales were reported in TREB’s 28 West districts and averaged $234,795; 904 sales were reported in the 14 Central districts and averaged $336,397; 1,206 sales were reported in the 23 North districts and averaged $274,255; and 1,572 sales were reported in TREB’s 21 East districts and averaged $202,614.

Click to view Residential Market Update – July 2001