The Toronto Real Estate boards released their monthly report for November. You can see the entire report by clicking here: November Stats
Some of the highlights include:
Sold homes increased by 105%.
New listings were the same as last year : 0% change
Active listings were down by 49%
Days on the market decreased from 41 day last year to 26 days this year.
The average price increased by 14% to $418,460.
This stats indicate that the market is very hot! Homes are selling quickly because their are less active listings (more demand) and mortgage rates are at all time lows.
Culture Realty Solutions Inc.
Real Estate Brokerage
1-877-277-0190
Friday, December 4, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment