Ask The Agent – Realty Market Status
Posted by torontorealty on June 8, 2009
In this low rate atmosphere the time is right to buy and sell Call: Rob today 416-997-7268 Email: Robert-Paterson@ColdwellBanker.Ca
The Stat’s are in….
The resale housing sales this May are higher than this time last year. In May 2009 Greater Toronto Realtor’s reported 9,589 sales, up almost two percent from May 2008 – this is the first annual increase since December 2007.
“The resale housing market in the GTA has remained reslient in the face of challenging times globally” according to TREB President Maureen O’neill. ” Many home buyers have been taking advantage of extremely low mortgage rates”.
The Average price for May transactions was $395,609 – down less than one per cent compared to the same month last year. The average resale home price has moved in line with last year’s level because of lighter market conditions expericenced this Spring.
“Home sales have increased strongly relative to new listings, bolstering home prices,” stated Jasen Mercer TREB’s Senior Manager of Market Analysis.
Source…. Market Watch (TREB)
