26
Apr
2009
Re: news from TREB : 3,681 TRANSACTIONS IN FIRST HALF OF APRIL
TORONTO, April 17, 2009 – Greater Toronto REALTORS reported 3,681 transactions in the first half of April, down 7% compared to 3,955 during the same period last year. “In lock-step with the favorable March results, resale housing market conditions in the first half of April were markedly improved compared to the winter time,” said TREB President Maureen O’Neill. “Households that were on the sidelines at the beginning of the year are now taking advantage of lower interest rates and lower home prices.” The average price for MLS sales was $383,161, down 4% from $399,117 last year. “The average home price in the GTA stabilized as resale market conditions tightened over the past two months,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis. “Existing home sales increased relative to new listings.” This TREB report was reviewed by Sandy Hutchens.
Bookmark It
