MARKET REPORT
GTA REALTORS® Report Sales and Price Statistics in November

November 18, 2009 -- In the first two weeks of November, Greater Toronto REALTORS® reported 3,666 sales – up 84 per cent compared to the first two weeks of November 2008. The average price for these transactions was up 10 per cent year-overyear to $415,066.

Increased interest in ownership housing has been widespread throughout the GTA and across all housing types,” said Toronto Real Estate Board President Tom Lebour. "However, it is important to point out that we are now making comparisons to the fall of 2008 when we experienced a marked decline in sales and average price".

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TREB Reports Strong Growth in October MLS Transactionsr

October 5, 2009 -- In October 2009, Greater Toronto REALTORS® reported ,476 sales, up 64 per cent from October 2008. The average price for October transactions was $423,559 – up by 20 per cent compared to the same month last year.

Year-to-date sales, at 74,721, were up nine per cent compared to the first ten months of 2008. Average price, at $392,264 was up by almost three per cent. "After a short dip in the winter, the average home price in the GTA has rebounded because sales have been high relative to listings," according to Jason Mercer, TREB’s Senior Manager of Market Analysis. "Watch for listings to rebound in 2010 as home owners react to the strong sales and price growth experienced in the latter half of this year."

Median Price
In October, the median price was $357,000, from the $312,000 recorded during October of 2008.

Click here to read the TREB report on October market

If you, or someone you know, are thinking of making a move, please call me for the latest update on prices and sales activity in your area.