TORONTO – Toronto’s real estate board says home sales and prices were down in October from a year earlier as economic uncertainty persists.

The Toronto Regional Real Estate Board says home sales totalled 6,138, down 9.5 per cent from last year, which on a seasonally adjusted basis meant a 2.3 per cent drop in sales from September.

The board says new listings totalled 16,069, up 2.7 per cent from last year, while active listings of 27,808 were up 17.2 per cent.

The rise in listings and drop in sales put pressure on prices as the benchmark index fell five per cent from last year, while the average selling price of $1,054,372 was down 7.2 per cent from last year.

Month-over-month, the average price was down 1.4 per cent from September.

TRREB president Elechia Barry-Sproule says that both

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