TREB members reported 8,196 residential house and condo sales during the month of September 2009 with an overall average selling price of $406,877. That price is 10.4% higher year-over-year from where we were in September 2008, just as the financial world was crashing. This is also 4.9% higher than the August 2009 figure of one month ago. So this shows the impact the fall market has had on real estate activity and the continuing strength of the real estate market.
TREB then expects 2009 to turn out to be among the best years on record for the Toronto real estate market – an incredible turnaround from the buyers market that we experienced through last winter.
Want to see more market statistics or help buying and selling real estate? I am here to help!
Contact me for all your real estate needs…
Ralph Evans, Sales Representative
RE/MAX Professionals Inc., Brokerage