In March 2009, Greater Toronto Realtors reported 6,171 sales - down 7 % from March, 2008, representing the smallest year-0ver-year decline in the last five months. The average price for March transactions was 362,052 - down less than 5% from the same month last year.
The Toronto Real Estate Board President Maureen O' Neill comments, " The Greater Toronto housing market has stood up very well given the challenging economic times the world has experienced in recent months."
Infact, over the past two months, the situation in the housing market has improved. The seasonally adjusted annual rate of sales increased to 65,600 in March - up 36 % from the ten year low reached in January.
Sales in March increased at a rate over and above what would be expected from the normal spring-time bump. A greater number of households have taken advantage of increased affordability in the housing marketpalce.
For a complete copy of the Market Watch visit www.zeeniakola.com
If you have any questions or observations please do feel free to contact
Zeenia Kola
905-828-3434
or
email me at : zeenia@zeeniakola.com
No comments:
Post a Comment