Numbers by David Bleasdale
TREB issued regular mid-month market report with more positive results showing a solid trend. GTA realtors reported 4,601 sales via MLS listings. The first two weeks of April were up by 25% compared to the same period year ago, when 3,681 sales took place.
New listings keep flowing on the market. They increased by 48% annually to 9,512 items.
Toronto Real Estate Board President Tom Lebour commented: “The fact that annual growth in new listings outstripped growth in sales suggests that the GTA existing home market is becoming better supplied. Home owners are reacting to strong sales and price growth by listing their homes in greater numbers. They are confident they will receive offers in line with their asking price."
The average price for April mid-month transactions was $430,271 – up 12 per cent compared to the average of $383,361 recorded during the first 14 days of April 2009.
This month will probably not be as stron as the previous month was, but still keeps solid pace.