Sales and Average Price Growth Continued in September
The Toronto Real Estate Board reports that despite a persistent shortage of listings in some markets, we have experienced strong growth in sales through the first nine months of 2014. The average selling price for September 2014 was up by 7.7% compared to the same period in 2013. If the current pace of sales growth remains in place, we could be flirting with a new record for residential sales this year. On the pricing front, the multitude of willing buyers in the marketplace coupled with the short supply of listings will continue to translate into very strong annual rates of price growth in the fourth quarter according the TREB's Director of Market Analysis.
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Do you know anyone buying or selling in the next 12 months? I would truly appreciate your referral.
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Wishing you and your family a Very Happy Thanksgiving,
Cathy Coker, Sales Representative
Helping clients make Profitable Real Estate decisions.
My Web Site - www.cathycoker.com