GTA REALTORS® REPORTING BEST MARCH EVER
TORONTO, MARCH 17, 2010 - Greater Toronto REALTORS® reported 4,353 sales through the Multiple Listing Service® (MLS®) during the first two weeks of March.
This represented a 70 per cent increase over recession hit March of 2009 when only 2,562 sales were recorded .
This is 16 per cent higher than the previous high reached in 2006.
Toronto consumers are demonstrating their faith in the strength and resilience of the GTA Market, and with one eye on the probable interest rate hikes threatened for the last 2 quarters of the year.
The average price for March mid-month transactions was $440,153 – a 20 per cent increase over 2009. New listings within the Toronto Real Estate Board boundaries were up 34 per cent to 8,540
March
2010 2009
Sales Average Price Sales Average Price
City of Toronto ("416") 1,726 $491,680 987 $400,454
Rest of GTA ("905") 2,627 $406,298 1,575 $343,594