GTA HOME MARKET STRONG IN SEPTEMBER

GTA Average Resale Home Price September 2011GTA resale home market remained strong in September with a total of 7,658 homes sold, according to the Toronto Real Estate Board. This was a 25% increase compared to September 2010. Average resale home price was 465,369, 3% higher than August and a more than 10% year-over-year increase compared to September 2010. full report

Toronto continued to lead the market in sales and price appreciation, while sales and average price in the 905 areas appeared flat compared to August. read more

Sales of detached homes remained strong in September with a 5% increase from August, while sales of condo apartment declined 6%. read more

 

 

 

GTA Resale Home New Listings by Region September 2011New listings in Toronto jumped to 6,185, a 28% increase from the 4,831 in August. The increase was most noticeable in the detached home category. read more

Overall, the market remained strong but was moving towards a more balanced market direction. With the strong increase in new listings, buyers can expect more choices and less competition in the months ahead.

 

 

 

Antonia Yan

Antonia Yan

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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