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Toronto Real Estate Board:
Greater Toronto Resale Housing Sales Up in First Half of May
Greater Toronto Realtors reported 4,561 transactions in the first half of May - an increase of three per cent compared to May 2008. "Members reported a rise in buying activity this month," said TREB President Maureen O'Neill. "Many home buyers who were undecided about purchasing a home during the winter months are now proceeding with confidence as a result of the GTA housing market's affordability."
The average price for MLS® sales was in line with last year, down by less than one-half of one per cent at $399,811.
"More sales and fewer listings resulted in tighter market conditions which pushed the average selling price back up to last year's level," according to Jason Mercer, TREB's Senior Manager of Market Analysis. "Look for new listings to increase as home owners react to the positive news surrounding home sales and prices."
May 20, 2009 in Toronto Real Estate Update | Permalink
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Comments
bonjour
this winter will be strong or not how You think
thats all
Posted by: suffutith | May 23, 2009 5:02:59 AM
So... dead cat bounce continuing or mark of the real thing? Lines are blurring.
Posted by: Geoff | May 22, 2009 12:15:28 PM
Interesting ideas!
Toronto Tailors
Posted by: tailors toronto | May 21, 2009 12:22:06 AM
