Ontario MLS® Home Sales Continue to Decline in May

Wednesday, June 19, 2024   /   by Shiela Balanay

Ontario MLS® Home Sales Continue to Decline in May

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Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered  54,992 in May 2024. This increased by 4.9% from the same period in 2023. The more comprehensive year-to-date average price was $876,615, up only 0.5%. Active listings were 54.9% above the five-year average and 23.2% above the 10-year average for the month of May. Months of inventory numbered 3.3 at the end of May 2024, up from the 1.7 months recorded at the end of May 2023 and above the long-run average of 2.1 months for this time of year.

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Team Glasser Real Estate Brokerage Inc.
99 Horton St W
London, ON N6J 4Y6
Office: 519.670.0385

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