Median house sale prices edges up, volumes dip

The median price for homes across the country rose to $340,000 last month, up from $337,500 in May, the REINZ said in a statement. The length of time it took to sell a house last month dropped to 41 days from 42 in May.

The total number of properties dropped to 6,040 from 6,291 in May and up from 4,305 in June last year.

"There's still a reluctance on many people's part to put their home on the market in what they perceive as a buyer's market." REINZ president Mike Elford said.

"Shortage of stock remains the biggest issue facing the industry at the moment."