Wednesday, April 29, 2009

3,681 TRANSACTIONS IN FIRST HALF OF APRIL

Greater Toronto REALTORS® reported 3,681 transactions in the
first half of April, down seven per cent compared to 3,955 during the same period last year.

“In lock-step with the favorable March results, resale housing market conditions in the first half of April were markedly improved compared to the winter time,” said TREB President Maureen O’Neill.

“Households that were on the sidelines at the beginning of the year are now taking advantage of lower interest rates and lower home prices.”

The average price for MLS® sales was $383,161, down four per cent from $399,117 last year.

“The average home price in the GTA stabilized as resale market conditions tightened over the past two months,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis.


For a complete copy of the Market Watch Report visit www.TorontoRealEstateBoard.com

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of thics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the reater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board. reater Toronto Area open house listings are now available on ww.TorontoRealEstateBoard.com.


Source: Toronto Real Estate Board

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