through the TorontoMLS system in April 2013, representing a dip of two per cent in
comparison to 10,021 transactions in April 2012. Both new listings during the month
and active listings at the end of April were up on a year-over-year basis.
The average selling price for April 2013 transactions was $526,335 – up by two per cent
in comparison to April 2012. The MLS® HPI Composite Benchmark Price was up by 2.9
per cent.
“The condominium apartment segment in the City of Toronto was a key driver of price
growth in April, with both the average selling price and the MLS HPI apartment index
up on a year-over-year basis. The improved condo sales picture, with Toronto sales
down by only one per cent compared to last year, suggests that interest in condo
ownership may be improving," said Jason Mercer, TREB's Senior Manager of Market
Analysis.
Check the summary of all transactions.
- Average ratio of Sell to Listing price ration is between 97 to 99 % , what it means to you ? that in GTA if you list any home for $100 it will sell between $97 and $99.
- Average day on market for any property in GTA is anywhere 21 days to 30 days, which is a sign of a healthy market.
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