Mid Month Market Update - November

November 22, 2010 - Updated: November 22, 2010

With 3,076 sales through the MLS® system during the two weeks of  November sales to date for the year are still slightly above the 2009 level but down for the month to date compared to last year.

Prices continue to climb as the number of sales remained high relative to new listings during this same period.

"The number of transactions remained high relative to new listings through the first half of November, promoting a healthy rate of price growth compared to last year." Toronto Real Estate Board President Bill Johnston.

With mortgage payments remaining affordable the selling price continues to rise.

 


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