December 4, 2013 -- Greater Toronto Area REALTORS® reported 6,391 residential sales through the TorontoMLS system in November, representing a 13.9 % increase over the sales result for November 2012. Over the same period, new listings on TorontoMLS were down by 4.4 % and month-end active listings were down by 12.1 %.
“Growth in sales was strong for most home types in the Greater Toronto Area. Sales growth was led by the single-detached market segment followed by condominium apartments. Together, singles and condos accounted for almost three-quarters of total GTA transactions,” said Toronto Real Estate Board President Dianne Usher.
The average selling price for November 2013 TorontoMLS transactions was $538,881 – up by 11.3 % in comparison to the average of $484,208 reported for November 2012. The MLS® Home Price Index (HPI) Composite Benchmark was up by 5.7 % over the same period
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