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MARKET UPDATE JULY, 2017 FOR TORONTO AND GTA
REAL ESTATE UPDATE JULY, 2017MARKET UPDATE JULY 2017 - The market has seen a change in the number of sales compared to July, 2016. Number of sales have decreased dramatically by 37.03% from 1,064 down to 670.
However, the prices still continue to rise, from $615,081 in July, 2016 to $625,000 an increase of 13.71%.
Average days on market have decreased significantly also, from an average of 15 days in July, 2016 up to 21 days in July, 2017. This is a reduction of 13.64%.
In addition to the decrease in volume sales, the average selling to list price ratio has dropped by 4.90%.
Active listings have increased by 60.02%, from 1,138 in July, 2016 to 1,821 in July, 2017.
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