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GTA REALTORS® Report Mid-Month Resale Housing Market Figures

TORONTO, November 16, 2010 - Greater Toronto REALTORS® reported 3,076 salesthrough the Multiple Listing Service® (MLS®) during the first two weeks of November2010.
This represented a 16 per cent decrease compared to the 3,666 sales recorded duringthe same period in November 2009. Year-to-date sales amounted to 78,526 - upslightly from the 2009 total.
"The number of transactions remained high relative to new listings through the first halfof November, promoting a healthy rate of price growth compared to last year," saidToronto Real Estate Board President Bill Johnston.
The average price for November mid-month transactions was $437,554 - up more thanfive per cent compared to the average of $415,066 recorded during the first 14 days ofNovember 2009.
"Mortgage payments on the average priced home remain affordable in the GTA based.This is why the average selling price continues to increase," said Jason Mercer, TREB'sSenior Manager of Market Analysis.
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