Residential Real Estate Prices Rise
TORONTO, April 16, 2010 – Greater Toronto REALTORS® reported 4,601 sales through
the Multiple Listing Service® (MLS®) during the first two weeks of April.
This represented a 25 per cent increase compared to the 3,681 sales recorded during the
same period in 2009. New listings increased by 48 per cent annually to 9,512.
“The fact that annual growth in new listings outstripped growth in sales suggests that the
GTA existing home market is becoming better supplied,” said Toronto Real Estate Board
President Tom Lebour.
"Home owners are reacting to strong sales and price growth by listing their homes in
greater numbers. They are confident they will receive offers in line with their asking
price."
The average price for April mid-month transactions was $430,271 – up 12 per cent
compared to the average of $383,361 recorded during the first 14 days of April 2009.
"As home buyers experience more choice in the marketplace, there will be less upward
pressure on the average selling price in the GTA.”
Source: Toronto Real Estate Board
Toronto REALTORS® are passionate about their work. They adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service. Serving over 29,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board.
the Multiple Listing Service® (MLS®) during the first two weeks of April.
This represented a 25 per cent increase compared to the 3,681 sales recorded during the
same period in 2009. New listings increased by 48 per cent annually to 9,512.
“The fact that annual growth in new listings outstripped growth in sales suggests that the
GTA existing home market is becoming better supplied,” said Toronto Real Estate Board
President Tom Lebour.
"Home owners are reacting to strong sales and price growth by listing their homes in
greater numbers. They are confident they will receive offers in line with their asking
price."
The average price for April mid-month transactions was $430,271 – up 12 per cent
compared to the average of $383,361 recorded during the first 14 days of April 2009.
"As home buyers experience more choice in the marketplace, there will be less upward
pressure on the average selling price in the GTA.”
Source: Toronto Real Estate Board
Toronto REALTORS® are passionate about their work. They adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service. Serving over 29,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board.
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