SINGLE FAMILY RESIDENTIAL BREAKDOWN
1.7 % 6.7% % 0.3 0.2 %
22.6 %
May 2010
May Sales Remain High
7.8 %
TORONTO - Thursday, June 3, 2010 Greater Toronto REALTORS® reported 9,470 sales through the Multiple Listing Service® (MLS®) in May, representing a one per cent dip from May 2009. In comparison to previous years, this was the third highest May sales result on record.
$446,593 – up 13 per cent compared to the average of $395,609 recorded in May 2009. 2.3 % % 7.0
21.5 %
“The gap between listings and sales has widened, which means there is more choice for buyers,” 8.5 %Jason Mercer, TREB’s Senior said Manager of Market Analysis. “The annual rate of price growth 12.0 % 48.3 % will slow in the second half of 2010, from the current double digit pace into the single digits.”
“The pace of transactions slowed in May following record-setting sales in February, March and April,” said Toronto Real Estate Board President Tom Lebour. “Buyers who otherwise would have been purchasing a home in May moved more quickly this year, likely to get ahead of mortgage rate hikes.”
Median Price In May, the median price was
New listings were up 38 per cent annually to 18,940. The average price for May transactions was
$376,750,
from
Average
May of 2009.
n
Median
300000 200000 100000 2000
2001
2002 2003
2004
2005
2006
2007
48.8 %
Dwelling Type
Sales
%
Detached Single Detached 4,625 Semi-Detached Semi Detached
99
$464,000
1,130 100
$370,550
Condo Condo T.H. Townhouse Condo Apt. Apt Condo
Median
741
99
$284,000
2,136
98
$283,500
Link Link
162
99
$389,000
Attached/Row Att/Row/Twnhouse
635
99
$350,000
Co-op Co-op Apt. Apt
24
99
$253,750
Detached Det CondoCondo
17
98
$403,000
Housing Market Indicators May 2009 Sales New Listings Active Listings* Days on Market
May 2010
9,589 13,686 21,524 35
9,470 18,940 25,414 22
%Change (-1%) (38%) (18%) (-37%)
* All figures for single-family dwellings.
Inside District Map ............................................................. 2 Price Category Breakdown......................................2 East District ............................................................. 3 West District ............................................................ 6 Toronto District ......................................................10 North District..........................................................12 Annual Summary ...................................................16 Single Family Comparison ....................................16
400000
0
the
$337,000 recorded during
Annual Average and Median Price
500000
0.3 % 0.1 %
11.9 %
2008
2009
2010