In April 2009, Greater Toronto REALTORS® reported 8,107 sales – down seven per cent from April 2008. While April sales remained lower than last year, the resale housing market gained momentum on a month-over-month basis. The seasonally adjusted annual rate of sales in April, at 80,900, was up 26 per cent from March and up two thirds compared to January’s ten-year low.
“Conditions in the resale housing market have improved markedly this spring,” according to
TREB President Maureen O’Neill. “Home purchases have increased as households have taken
advantage of low interest rates and slightly lower home prices.”
The average price for April transactions was $385,641 – down three per cent from last year.
“The rate of average price decline continued to diminish last month. This is due in large part to a
tightening in the resale market,” stated Jason Mercer, TREB’s Senior Manager of Market
Analysis. “The level of sales relative to new listings increased in April.”
Source: TREB (Toronto Real Estate Board)
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Related posts:
- Toronto Real Estate Board Market Update April 2010: GTA REALTORS® Report Monthly Resale Housing Figures
- Toronto Real Estate Board Market Update March 2010: Greater Toronto REALTORS® report March Resale Market Figures
- Toronto Real Estate Board Update: February 2010, GTA REALTORS® REPORT MID-FEBRUARY RESALE HOUSING MARKET FIGURES
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