The Greater Toronto Realtors reported 8,196 sales in September 2009, up 28% from September 2008.
The average price for September transactions was $406,877 - up by 10% compared to the same month last year.
We've experienced an increasing rate of existing home price growth in the GTA as sales have continued to outpace 2008 results.
Consumers have remained confident in ownership housing as a long-term investment. Year-to-date sales, at 66, 437 were up 4.5% compared to the first 9 months of 2008. Average price, at $388,417 was up by almost 1.5%.
Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in line with some of the best years on record under the current TREB (Toronto Real Estate Board) market area.
1 comment:
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