The Greater Toronto Realtors reported strong results for the first 14 days of February. Not only did the average sale price increase by 9%, to $491,493 but there were 3206 sales so far this month - also up 9% when compared to the same time period last year. New listing inventory was up 13% compared to last year. “Both buyers and sellers are aware of the substantial competition that exists for most listings in the GTA. There is not a mismatch in expectations, so homes sell quickly at … Continue reading Feb 2012, GTA REALTORS® Report Mid-Month Resale Housing Market Figures
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