Market Update | June 2023


Central Toronto REALTORS® reported 961 detached home sales through the Toronto MLS® in May 2023; and on average, these detached homes sold for $1,928,091. Last year, in May 2022, Toronto MLS® reported 838 detached home sales across Toronto – which is a 15% increase in volume for this year. It was also reported that on average, detached homes sold for $1,909,861 in May 2022 – and that’s a 1% increase in sale prices for this May. With respect to semi-detached homes... Central Toronto REALTORS® reported 296 semi-detached home sales in May 2023; and on average, these semi-detached homes sold for $1,389,640 last month. That compares to 342 semi-detached home sales in May 2022 – which is a 13% decrease in volume for this year. It was also reported that on average, semi-detached homes sold for $1,431,529 in May 2022 – and that’s a 3% decrease in sale prices for this May!  With respect to condo sales... Central Toronto REALTORS® reported 1,736 condo sales in May 2023; and on average, these condos sold for $784,472 last month. In May 2022, there were 1,344 condo sales – which is a 29% increase in volume for this year. On average, these condos sold for $786,060 – and that’s a 0% decrease in sale prices for this May. Would you like to know what is happening in your specific neighbourhood? Our detailed reports below will give you a true sense of the activity and the sale prices taking place in your local area. Hit the sign-up form in our contact form, and let us know if you want to be kept informed.
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