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GTA REALTORS® Report Mid-Month Resale Housing Figures
TORONTO, May 19, 2010 - Greater Toronto REALTORS® reported 4,887 sales
through the Multiple Listing Service® (MLS®) during the first two weeks of May.
This represented a seven per cent increase compared to the 4,561 sales recorded
during the same period in 2009. New listings increased by 48 per cent annually to
10,059.
“The average household looking to purchase a home continued to benefit from
affordable opportunities in the first half of May,” said Toronto Real Estate Board
President Tom Lebour.
"The number of done deals will remain high for the remainder of 2010, but will dip from
record levels.”
The average price for May mid-month transactions was $448,641 – up 12 per cent
compared to the average of $399,811 recorded during the first 14 days of May 2009.
"The total number of homes currently listed in the GTA is now within a more normal
range. As buyers benefit from more choice in the second half of 2010, average selling
prices will grow at a slower pace," said Jason Mercer, TREB's Senior Manager of
Market Analysis.
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