Monday, May 17, 2010

Residential real estate market in GTA shows volume of sales is up, new listings are up more, so the market is softening

Chart below shows current housing market indicators, showing that the number of sales is up 35% in April 2010 compared to April of 2009, New listgs are also up 58% and Active listings down 2% for the same periods. This indicates that although the market volume of sales is up, new listings are up more, so the market is softening.

Toronto Real Estate Board (TREB) Average Prices and GraphFor more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com

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