Four Year Average Resale Home Prices - Greater Toronto Area - November 2011
The chart below shows that the average resale home price has been trending upwards from 2008 to November 2011. There are recurring seasonal trends throughout the entire time period shown on the chart. For example, prices have tended to be higher during the spring / summer months compared to the winter months. This data may be useful to help you determine when you should list your home for sale or when you should purchase a home.
The seasonal trend for mid-fall where average resale home prices increase in November has occurred in November 2011, which is consistent with prior years at the same time. The average resale home price was at near all time highs during November 2011. Based on seasonality in prior years, it is expected that the average price will drop slightly during December 2011.
The trends in specific neighbourhoods, communities, municipalities and regions within the Greater Toronto Area may be different compared to the overall GTA.
Data used to prepare this chart is obtained from data reported by Toronto Real Estate Board REALTORS® in the TorontoMLS® system for the Greater Toronto Area.
Four Year Average Resale Home Prices - Greater Toronto Area - November 2011
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