Toronto Real Estate Board December MLS sale statistics:

• GTA single family home sales including condo townhouses and apartments - 3,781.
• Volume is down 22.5% compared to December 2017 4,876 sales.
• Volume is down 39% compared to November 2018 6,236 sales.
• Average price of a GTA single family home - $787,300.
• Down 4% from 2017's average price of $822,572.

“After spiking in 2017, new listings receded markedly in 2018. In many neighbourhoods, despite fewer sales from a historic perspective, some buyers still struggled to find a home meeting their needs. The result was a resumption of a moderate year-over-year pace of home price growth in the second half of the year. Price growth was strongest for less-expensive home types, as many home buyers sought more affordable home ownership options,” said Jason Mercer, TREB’s Director of Market Analysis and Service Channels.

We track MLS sales daily.

• November 2016 to May 30th 2017, 10% of the sales in C01-C04, C08-C12, E01-E03, W01, W02 sold for asking price or less.
• December sales were 50-100% for asking or less.

The 2018 residential resale market was a story of different markets that vary by housing type and location.

• In central Toronto limited supply and strong demand, meant bidding wars and "bully offers" in both freehold and condos if the ask price was reasonable.
• 905 region resale homes average price has remained flat since October 2017 - remains a soft market.
• 2017 annual sales 92,263.
• 2018 annual sales 77,426.
• 2018 - Limited and reduced inventory = lower sales volume.