GTA January 2011 House Sales
Each month Greater Toronto Area housing information is released midmonth and here is the update for January. When compared to the first fourteen days of January 2010, there seems to be a slight decline. Generally however, the sales can still be considered quite high, Toronto Real Estate Board President Bill Johnston said.Exactly 1,563 sales were reported by the Greater Toronto Realtors from the first half of this month. In comparison with 1,749 homes sold during the same period in January of last year, it is an 11 percent decline. Sales in the city of Toronto fell too, from 708 to 628. Prices, on the contrary, increased again. The average price for a home in GTA during the first two weeks of this month was $413,565, up 5 percent from $395,307 compared to the first fourteen days of January 2010.
Posted by Allen Mayer, Broker http://www.allenmayer.com/
