Mid April Sales and Average Price
|Sales||Average price||Sales||Average Price|
|City Of Toronto (416)||1760||$540,229.00||1837||$470,532.00|
|Rest of GTA (905)||2684||$445,746.00||2764||$403,514.00|
Greater Toronto REALTORS® reported 4,444 sales during the first two weeks of April 2011 - a three per cent decrease compared to the first two weeks of April 2010. The number of new listings was down by 21 per cent compared to the same period last year.
"The number of homes listed for sale so far in 2011 has been below expectations. Market conditions have tightened, resulting in increased competition between home buyers and accelerating rates of average price growth," said Jason Mercer, TREB's Senior Manager of Market Analysis. "The strong rate of price growth reported for the first two weeks of April should entice more households to list their homes for sale. This would result in more balanced market conditions and more moderate rates of price growth," continued Mercer.