Thursday, November 18, 2010

Mid November 2010 sales down but prices up for GTA Resale Housing Market Figures

Sales figures for mid month are in. Comparing November 2010 to November 2009 the number of sales is down about 16% Year to date sales are up slightly.

Average price for November 2010 is $437,554 which is about 5% HIGHER than same period in 2009

The full article is below...

GTA REALTORS(r) Report Mid-Month Resale Housing Market Figures

TORONTO, November 16, 2010 -- Greater Toronto REALTORS(r) reported 3,076 sales through the Multiple Listing Service(r) (MLS(r)) during the first two weeks of November 2010.

This represented a 16 per cent decrease compared to the 3,666 sales recorded during the same period in November 2009. Year-to-date sales amounted to 78,526 - up slightly from the 2009 total.

"The number of transactions remained high relative to new listings through the first half of November, promoting a healthy rate of price growth compared to last year," said Toronto Real Estate Board President Bill Johnston.

The average price for November mid-month transactions was $437,554 - up more than five per cent compared to the average of $415,066 recorded during the first 14 days of November 2009.

"Mortgage payments on the average priced home remain affordable in the GTA based.

This is why the average selling price continues to increase," said Jason Mercer, TREB's Senior Manager of Market Analysis.

I hope this finds you Happy and Healthy!

All the Best!


A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
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