Archive for December, 2015

November 2015 Market Stats: Infographic & Report

November 2015 Market Stats: Infographic & Report Photo

Following is TREB’s market report for November 2015:

Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB’s MLS® System in November 2015 – up by 14 per cent compared to November 2014.

This result also represented the best result on record for the month of November.

Sales through the first eleven months of 2015 amounted to 96,401.

“Not only did we see a record sales result for November, but with one month left to go in 2015, we have already set a new calendar year record for home sales in the TREB market area, eclipsing the previous record set in 2007. Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding regions. This suggests that the demand for ownership housing is widespread, from first-time buyers to long-time homeowners across the GTA,” said Mr. McLean.

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Who Lists Their Home For Sale In Mid-December?

Who Lists Their Home For Sale In Mid-December? Photo

Who lists their home for sale in mid-December?

People who have to sell, that’s who.

Otherwise they’d wait until the 2nd week in January, which is when the spring market starts and an influx of buyers begin (or resume) their hunt.

Sure, there are still some buyers out there looking in the middle of December. Not many though. And the ones that are looking are likely doing so half-assed, as they’re distracted with holiday obligations, etc.

Sellers in the Toronto real estate market don’t always have a choice though, when it comes to timing the sale of their home. Sometimes, listing in mid-December is their only option.

For example, let’s say you make a purchase at the end of November, with a 60 day closing. The good news here is that you go into the holiday season knowing that you’ve bought a house, and the stress of searching for a home is off your plate. But now you’ve got a home to sell, just as the market is about to slow down!

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