2011 A Look Back - December 2011 Market Update- 2012 What Lies Ahead
THE YEAR IN REVIEW
Greater Toronto REALTORS® reported 4,718 transactions through the Toronto MLS® system in December 2011 bringing the total number of sales to 89,347 for the year.
The average selling price in December was $451,436 – up four per cent compared to December 2010.
For all of 2011, the average selling price was $465,412, an increase of eight per cent in comparison to the average of $431,276 in 2010.
Months of inventory remained below the pre-recession norm in 2011. Very tight market conditions meant substantial competition between Buyers and strong upward pressure on selling prices,” Jason Mercer, TREB’s Senior Manager of Market Analysis.
2011 A Look Back
THE YEAR IN REVIEW
in graph format
“Months of inventory remained below the pre-recession norm in 2011. Very tight market conditions meant substantial competition between Buyers and strong upward pressure on selling prices,” Jason Mercer, TREB’s Senior Manager of Market Analysis.
DECEMBER GTA MARKET UPDATES
The Average Selling Price For Homes Across The GTA ..... Up 4% Percent To $451,436 From December 2010
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2012 What Lies Ahead
“TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,”
Jason Mercer, TREB’s Senior Manager of Market Analysis
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