Greater Toronto Real estate Agents reported 2,732 sales through their Multiple Listing Service for the first two weeks of July.

This represented a decrease of 29 per cent from the same time last year. New listings were down eight per cent to 4,770.

The average price for a home in Toronto for the first two weeks of August was $412,934, up eight per cent from the first two weeks of August 2009.

Continued average price growth should contribute to "continued year-over-year price growth in the GTA,"reported the Toronto Real Estate Board.

Pictured above at the Yonge and Bloor District is the Casa Condos, one of the many new Yorkville Condo Listings in the area.