Friday, May 8, 2009

Good News! 8,107 Resales in April!

Greater Toronto REALTORS® report 8,107 Resales in April!

TORONTO - May 6, 2009 -- In April 2009, Greater Toronto REALTORS® reported 8,107 sales - down seven per cent from April 2008.

While April sales remained lower than last year, the resale housing market gained momentum on a month-over-month basis. The seasonally adjusted annual rate of sales in April, at 80,900, was up 26 per cent from March and up twothirds compared to January's ten-year low.

"Conditions in the resale housing market have improved markedly this Spring," according to TREB President Maureen O'Neill. "Home purchases haveincreased as households have taken advantage of low interest rates and slightly lower home prices."The average price for April transactions was $385,641 - down three per cent from last year.

"The rate of average price decline continued to diminish last month. This is due in large part to a tightening in the resale market," stated Jason Mercer, TREB's Senior Manager of Market Analysis. "The level of sales relative to new listings increased in April."

Median Price: The median price in April was $330,000 from the $334,950 recorded in April of 2008.
Click here for complete April Market Watch Report.

Sales in Davisville Village in April 2009!

Good news in April, 19 homes were sold in Davisville versus 10 in March, and 48 condos were in April versus 33 in March!
Click here for Davisville Village Sales in April.