By Nichola Saminather
TORONTO, Aug 3 (Reuters) - Home sales in Toronto rose in July from a year earlier for the second consecutive month, following declines in the first five months of 2018, data released by the Toronto Real Estate Board on Friday showed.
New listings continued to slide, while the seasonally adjusted average price rose to its highest level since at least July 2017.
"It appears that some people who initially moved to the sidelines due to (tighter buying and mortgage rules) have re-entered the market," Jason Mercer, TREB's director of market analysis, wrote in an emailed statement.
JULY
JUNE
JULY 2017
YR/YR PCT CHANGE TOTAL SALES
6,961
8,082
5,869
18.6 AVERAGE PRICE (C$) 782,129
807,871
745,971
4.8 NEW LISTINGS
13,868
15,922
14,122
-1.8 After preliminary seasonal adjustment
JULY
MTH/MTH PCT CHANGE SALES
7,061
6.6 AVERAGE PRICE (C$) 808,686
3.1 Sales by type of property
MONTH
YR/YR PCT CHANGE DETACHED
3,062
26.8 SEMI-DETACHED
608
6.1 TOWNHOUSE
1,173
21.9 CONDO APARTMENT
2,002
9.4 Average price by type of property (C$)
MONTH
YR/YR PCT CHANGE DETACHED
1,004,647 0.5 SEMI-DETACHED
746,843 6.0 TOWNHOUSE
633,993 4.1 CONDO APARTMENT
546,984 8.9
(Editing by Matthew Lewis and Marguerita Choy)