New OREA Home Stats
Ontario Real Estate has set another record for July, according to OREA, the Ontario Real Estate Association:
“Average House Price
The provincial average price for homes sold in July 2016 was a record $517,831, rising 13.9% from a year earlier.
- Residential sales up 1.1% in July 2016 compared to a year earlier.
- New listings in Ontario numbered 30,130 units in July 2016, a decrease of 12.3% compared to last year.
- The provincial average price of homes in July 2016 rose 13.9% compared to a year earlier.
- There were just 2.2 months of inventory at the end of July 2016.”
To read the full report, please click here.