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Market Watch : MID‐MONTH RESALE HOUSING FIGURES

APRIL 18, 2011 ‐‐ Greater Toronto REALTORS® reported 4,444 sales during the first two

weeks of April 2011 –a three per cent decrease compared to the first two weeks of April 2010. The

number of new listings was down by 21 per cent compared to the same period last year.

“ales activity was quite strong during the first two weeks of April. If this level of activity is sustained for

the remainder of the month, we could see April transactions close to last year’ record result. Positive

economic news has kept households confident in their ability to purchase and pay for a home over the

long term,”said TREB President Bill Johnston.

The average selling price for firm deals reported through the first two weeks of April was $483,165,

representing a 12 per cent increase over the average price of $430,271 reported during the same period

last year.

“The strong rate of price growth reported for the first two weeks of April should entice more households

to list their homes for sale. This would result in more balanced market conditions and more moderate

rates of price growth.”

Call Natalie for a FREE Market Evaluation of your home.

Posted: Friday, April 22, 2011 8:10 PM by Oleh and Natalie Korchuk

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