Market Update – June 2023

On in So How's the Market in Toronto by

Central Toronto REALTORS® reported 258 detached home sales through the Toronto MLS® in June 2023; and on average, these detached homes sold for $2,450,660.

Last year, in June 2022, Toronto MLS® reported 249 freehold detached home sales across Toronto – which is a 4% increase in volume for this year. It was also reported that on average, freehold detached homes sold for $2,341,937 in June 2022 – and that’s a 5% increase in sale prices for this June.

With respect to semi-detached homes… Central Toronto REALTORS® reported 241 semi-detached home sales in June 2023; and on average, these semi-detached homes sold for $1,564,623 last month.

That compares to 204 semi-detached home sales in June 2022 – which is a 18% increase in volume for this year. But again, it was also reported that on average, semi-detached homes sold for $1,497,797 in June 2022 – and that’s an 4% increase in sale prices for this June.

With respect to condo sales, Central Toronto REALTORS® reported 850 condo sales in June 2023; and on average, these condos sold for $863,719 last month.

In June 2022, there were 747 condo sales – which is a 14% increase in volume for this year. On average, these condos sold for $845,850 – and that’s a 2% increase in sale prices for this June!

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