Thursday, May 07, 2009

TREB report sales volumes down but prices up!

The monthly stats are out for April and the housing market is showing good signs of momentum. Month over month the average price is up significantly for all of the GTA, from $362k in March to $385k in April

Greater Toronto REALTORS® report 8,107 Resales in April

May 6, 2009 -- In April 2009, Greater Toronto REALTORS® reported 8,107 sales – down seven per cent from April 2008. While April sales remained lower than last year, the resale housing market gained momentum on a month-over-month basis. The seasonally adjusted annual rate of sales in April, at 80,900, was up 26 per cent from March and up two thirds compared to January’s ten-year low.

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A. Mark Argentino
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