Greater Toronto REALTORS(R) reported 4,337 transactions through the Toronto MLS(R) system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.
In Durham Region 505 homes sold in January which was 5% lower than 532 homes sold in January of 2009.
"While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points," said TREB President Bill Johnston.
Number of Homes Sold in Durham Region in January
The average selling price for January 2011 sales was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010.
“The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Average Sale Price of Homes in Durham Region in January
