Mid-September GTA resale statistics
For the most current GTA resale statistics visit my website www.gtamoves.com or www.vitopirri.com .
September: So far, very good!
Toronto, September 16, 2009 - In the first two weeks of September, Greater Toronto Realtors reported 3,361 sales - up 23 per cent compared to the first two weeks of September 2008. The average price for these transactions ws up eight per cent year-over-yer to $393,818.
"An increasing number of positive reports pointing to economic recovery couples with low interest rates have kept households confident in purchasing a home." said TREB President Tom Lebour.
Year-to-date sales, at 61,676 are up three per cent compared to 59,971 in 2008. Average price at $386,302 is up by one per cent from $383,776.
"Tighter market conditions since May, as evidenced by rising sales relative to listings and declining average days on market, have resulted in stronger average price growth," explained Jason Mercer, TREB's Senior Manage of Market Analysis.
Summary of September Sales And Average Price
City of Toronto ("416): 2009 Sales 1,280 2009 Average Price $415,126 2008 Sales 998 2008 Average Price $386,524
Rest of GTA ("905)": 2009 Sales 2,081 2009 Average Price $380,712 2008 Sales 1,728 2008 Average Price $354,395
GTA: 2009 Sales 3,361 2009 Average Price $393,818 2008 Sales 2726 2008 Average Price $366,158