October Market Update

This October, TREB reported 6,896 sales through the Toronto MLS. This represents a decline of 7.1 per cent compared to 7,425 sales in 2011. However, there were two additional business days in 2012 than last October. Based on equivalent business days, sales volume actually declined 15.6%.

Average October prices increased 6.2% to $503,479 and average Days on Market increased to 28 days from 26 days versus last year.

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Donald Lum

Donald Lum

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