Toronto Resale home statistics for the first half of June 2009...
See my website for the most current market statistics, www.gtamoves.com or www.vitopirri.com .
GTA Resale Housing Sales Up 19 Per Cent in the First Half of June
Toronto, June 17, 2009 - Greater Toronto REALTORS® reported 5,185 transactions in the first half of June - an increase of 19 per cent compared to the same period last year.
"Households in the GTA have become more confident in purchasing a home over the past three months," said TREB President Maureen O'Neill. "Affordability, due in part to very low borrowing costs, has played a key role."
The average price for MLS® sales was $407,716, up by two per cent compared to last year. "Heightened interest in ownership housing this spring has solidified resale home prices," according to Jason Mercer, TREB's Senior Manager of Market Analysis. "The number of home buyers has been high relative to the number of listings, pushing the average price above last year's level."
SUMMARY OF MID-JUNe SALES AND AVERAGE PRICE - 2009/2008
Toronto ("416"): 2009 Sales: 2,023 2009 Avg. Price: $449,946 2008 Sales: 1,733 2008 Avg. Price: $439,469
Rest of GTA ("905"): 2009 Sales: 3,162 2009 Avg. Price: $380,698 2008 Sales: 2,641 2008 Avg. Price: $371,686
GTA: 2009 Sales: 5,185 2009 Avg. Price: $407,716 2008 Sales: 9,411 2008Avg Price: $398,542