TORONTO, October 18, 2010 – TREB  reported  3,012 MLS® sales in the first two weeks of October 2010. A 17 % from the 3,631 sales in first two weeks of October 2009. Year-to-date sales were 71,988, a increase compared to 2009.

The market is continuing to do what markets do best which is to adapt to changing conditions. Month on month sales decreases are moderating, showing the true strength of the GTA realty market.

The average transaction price for October mid-month was $444,644 – up 7% compared to 2009’s price of $414,479.

Summary Of October Sales And Average Price

                                                                                                                                October

                                                                            2010                                                                2009

                                                              Sales                      Average Price                  Sales                  Average Price

City of Toronto ("416")                    1,273                        $500,807                        1,489                     $455,001

Rest of GTA ("905")                          1,739                        $403,531                         2,142                    $386,311

GTA                                                      3,012                        $444,644                        3,631                     $414,479

Source: Toronto Real Estate Board