Balanced Market
July 6, 2010 -- Greater Toronto REALTORS® reported 8,442
sales through the Multiple Listing Service® (MLS®) in June. This
represented a 23 per cent decrease compared to the record 10,955
sales reported in June 2009. Sales for the second quarter of 2010
amounted to 28,810 – up one per cent annually. Year-to-date sales
through June were up 23 per cent to 50,455 compared to the first six
months of 2009.
"We experienced a record number of existing home sales during the
first half of 2010, but these sales were weighted more towards the
beginning of the year," said Toronto Real Estate Board President
Bill Johnston. "The pace of home sales has moderated from record
levels over the past two months with the prospect of higher mortgage
rates."
The average price for June transactions was $435,034 – up eight per
cent compared to the average of $403,972 recorded for June 2009.
"With more homes to choose from in the second quarter, many home
buyers have been making less-aggressive offers. This has resulted in
less upward pressure on the average selling price," said Jason
Mercer, TREB's Senior Manager of Market Analysis. "The annual rate
of average price growth in the second half of 2010 will be in the
single digits."
Median Price
In June, the median price was $367,750, from the $345,000
recorded during June 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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