August – Mid Month Resale Figures
GTA REALTORS® Report August Mid-Month Resale Market Figures
TORONTO, August 18th, 2009
In the first two weeks of August, Greater Toronto REALTORS® reported 3,832 sales – up 27 per cent compared to the first two weeks of August 2008. The average price for these transactions was up three percent year-over-year to $383,796. “The results for the first half of August indicate that many households in the GTA remain confident in their ability to purchase and pay for a home over the long term” said TREB President Tom Lebour. Year-to-date sales, at 54,303 are up slightly compared to 54,138 in 2008. Average price, at $385,603 is down by less than one half of one per cent. “Strong resale housing demand will contribute to broader economic recovery as each transaction results in substantial spin-off benefits to other sectors of the economy” explained Jason Mercer, TREB’s Senior Manager of Market Analysis.
Source: Toronto Real Estate Board
You can follow any responses to this entry through the RSS 2.0 feed.
-
http://topsy.com/tb/bit.ly/4jZFPt Twitter Trackbacks for August – Mid Month Resale Figures | Commercial and Residential Real Estate Services – Property EDGE – Toronto [propertyedge.ca] on Topsy.com