Sales Start Off Strong in 2010
Feb 3, 2010 -- Greater Toronto REALTORS®
reported 4,986 transaction through the Multiple Listing Service
(MLS®) in January 2010. This result represented a large increase
over the 2,670 sales in January 2009 when the home sales were in a
recessionary trough.
Last month’s sales were slightly higher than the January average
in the five years preceding 2009. “The GTA housing market has
rebounded well from the lows in sales experienced at the beginning
of 2009. Sales climbed back to healthy levels across the GTA because
the cost of home ownership remained affordable in the Toronto area,”
said TREB President Tom Lebour. “Increasingly confident consumers
moved to take advantage of affordable home ownership.”
The average home selling price in January 2010 climbed 19 per cent
to $409,058, compared to 343,632 in the same month last year.
“Expect strong annual growth rates for existing home sales and
average price through the first quarter as we continue to make
comparisons to the weak market conditions at the beginning of 2009,”
said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The
rate of sales and price growth will be lower in the second half of
2010.”
Median price
In January, the median price was $350,000, from the$303,000 recorded
during January of 2009.
Amit is a Toronto and Mississauga Real Estate Boards real estate
broker
serving real estate markets
in Mississauga Toronto. Amit will be happy to help you buy, sell or
rent in Mississauga or Downtown Toronto. Monthly
real estate news and statistics are provided by Toronto
Real Estate Board.
For selling price idea of your home
/condominium fill out Mississauga home/condo
evaluation.
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