Toronto, December 16, 2010 - Greater Toronto Realtors reported 2509 sales through the Multiple Listing Service (MLS) during the first two weeks of December 2010.
This represented a 19% decrease compared to the 3079 sales recorded during the same period in December 2009. Year-to-date sales amounted to 84,316 - down 1% from the 2009 total of 84,888.
“While off the 2009 record, the level of December transactions remains strong from a historic perspective. The number of transactions in 2010 will be the third highest on record,” said Toronto Real Estate Board President Bill Johnston.
The average price for December mid-month transactions was $435,225 - up 3% compared to the average of $423,103 recorded during the first 14 days of December 2009.
“Market conditions remain tight enough to support moderate growth in the average selling price. Expect the 3% annual rate of growth reported for the first two weeks of December to be the norm in 2011,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Mid Month - December
2009 and 2010
City of Toronto - (416):
2009 Sales =
1343 Average Price = $460,828
2010 Sales = 1083 Average Price = $470,918
Rest of the GTA - (905):
2009 Sales =
1736 Average Price = $393,918
2010 Sales =
1426 Average Price = $408,118
GTA:
2009 Sales =
3079 Average Price = $423,103
2010 Sales = 2509 Average Price = $435,225
