With 5,754 homes changing hands through the TREB MLS system, summer 2000 began with the second best June performance ever recorded, president Marilyn Baubie reported today.

“Only last year, when over 6,000 homes were sold, did we see a better start to warm months.” The president went on to note that prices rose marginally to $247,929 from May’s $247,014, and were up 7 per cent from the $230,692 recorded in June of last year. The median price fell slightly, to $210,300 from last month’s $211,000. “One good piece of news in this month’s figures is the fact that active listings, at 20,856, are up 3 per cent from the same time last year, which is the first month over month increase we’ve seen in several years. This should ease some of the upward pressure on home prices.”

Breaking down the total 2,222 sales were reported in TREB’s 28 West districts and averaged $229,794; 887 sales were reported in the 14 Central districts and averaged $358,586; 1,115 sales were reported in the 23 North districts and averaged $266,869; and 1,530 sales were reported in TREB’s 21 East districts and averaged $196,313.

Click to view Residential Market Update – June 2000