Toronto Real Estate Market Report: November 2010 Mid-Month Statistics

 Toronto Real Estate Market Report: November 2010 Mid-Month Statistics Photo

     Following is TREB’s market report for mid-November 2010:  Greater Toronto REALTORS® reported 3,076 sales through the Multiple Listing Service® (MLS®) 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.

Toronto Real Estate Market Report: November 2010 Mid-Month Statistics Photo

If you’re thinking of making a move and would like to know how I can help, feel free to contact me for more info.

For complete copies of TREB’s Monthly Market Watch Reports, visit my archives here.

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