Haven't read any good report for a while? Enjoy playing with numbers? Wanted to figure out how the real estate market fared last month (June 2009)...just click the link:
http://www.torontorealestateboard.com/consumer_info/market_news/mw2009/pdf/mw0906.pdf
I could not believe my eyes.
When I read the report this afternoon, I literally rubbed my eyes and then looked for my reading glasses. Our market was up 27 percent. Yes, you read it right 27% compared to June 2008. And the prices up 2%.
Great time again for the sellers, while the buyers who were sitting on the fence waiting to jump in when the prices were real low...too late, they missed the bus (for now)! Well, they are not only now scrambling to buy, but also cursing all those so called "experts" (who bought a home 10 years ago at some price and suggest every buyer who seek thier opinion to not offer the Sellers of similar homes the same price these folks paid 10 years ago).
Truly, this was unexpected. In the midst of so many depressing news, job losses, market drops and sob sob sob stories, the Resale Housing stats beat all expectations. Let's hope that this is not shortlived!
(Link Source: Toronto Real Estate Board.)
Comments(0)