January Mid-Month Market Update

Greater Toronto REALTORS® reported 1,506 sales through the TorontoMLS® system during the first two weeks of January 2012.  This result represented a six per cent increase compared to the first 14 days of January 2011. New listings were also up on a year-over-year basis, but by a lesser 3.7 per cent. full report

The average selling price during the first two weeks of 2012 was $444,473 – up by more than 8.5 per cent compared to the same period in 2011. check current market price

GTA Average Resale Home Price Growth Jan 2012 v.s. Jan 2011

GTA Average Resale Home Price Growth by Region, Jan 1-14, 2012 v.s. Jan 1-14, 2011

From a regional perspective, average home price was up in Toronto, York, Peel, and Durham but down in Halton during the first two weeks of January 2012. Compared to the same period in 2011, Peel region had the largest increase of 21.1%. Toronto came in second with an increase of to 15.8%, while the Region of York and Durham saw an increase of 9.7% and 3.1%, respectively. Average home price in Halton had a decline of 7.4%. more market reports

GTA Average Resale Home Price Growth Jan 2012 v.s. Jan 2011

GTA Average Resale Home Price Growth by Property Type, Jan 1-14, 2012 v.s. Jan 1-14, 2011

All property types had an increase in average selling price in the first two weeks of January 2012 when compared to the same period in 2011. more market reports

“The market didn’t miss a beat after the holiday season, with robust sales growth continuing and sellers’ market conditions remaining in place,” said Toronto Real Estate Board (TREB) President Richard Silver. 

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Antonia Yan

Antonia Yan

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