INFOGRAPHICS: May 2020 TRREB Toronto Market Reports
Toronto Regional Real Estate Board President (TRREB) Michael Collins announced that Greater Toronto Area REALTORS® reported 4,606 sales through TRREB’s MLS® System in May 2020. This result was down by 53.7% compared to May 2019. While the number of sales was down substantially on a year-over-year basis due to the continued impact of COVID-19, the decline was less than the 67.1% year-over-year decline reported for April 2020.
On a month-over-month basis, actual and seasonally adjusted May sales were up substantially compared to April. Actual May 2020 sales increased by 55.2% compared to April 2020. After accounting for the regular seasonal increase that is experienced each year between April and May, seasonally adjusted sales were up by 53.2% month-over-month.
The following data is a comparison between May 2019 and May 2020 numbers, and is current as of June 2020. For last month’s numbers, check out our previous infographic!
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