Toronto Real Estate Market Performance: September 2009 Mid-Month Statistics
September 18th, 2009 Categories: Mid-Month Statistics, News Wire
Welcome to my mid-month activity report for the Toronto 2009 real estate market. Brief and to the point, it’s my virtual flip chart of the numbers Toronto buyers and sellers can use over time to make good real estate decisions. If interested, a more detailed statistical breakdown can be found on the Toronto Real Estate Board (TREB) website.
Let’s get started!
Toronto MLS
Real Estate Statistics
In the City of Toronto (defined as the 416 area code), sales increased 28.26% compared to a year ago, with 1,280 transactions written.
Also in the City of Toronto, the average price for a home is now $415,126, representing a 7.4% increase from the $386,524 average recorded in mid-September 2008.
The Greater Toronto Area (GTA) reported 3,361 transactions in the first half of September, up 23.29% from the same period last year. The average price was $393,818, representing a 7.55% increase from the $366,158 recorded last year at this time.
Numbers related to inventory and Days On Market (DOM) will be available after month-end in my September 2009 Market Report.
Toronto Real Estate
Market Activity Summary
Buyer confidence remains strong. Why? Low interest rates and positive reports pointing to economic recovery. Also, marking the one-year anniversary of the collapse of major investment institutions is certainly a psychological milestone.
Tight market conditions (read: little supply, lots of demand) continue to push average price increases.
Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.
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