NEWS RELEASE 

  


GTA REALTORS® Release Mid-Month Resale Housing Figures

 

February 19, 2013 -- Greater Toronto Area REALTORS® reported 2,823 sales through the TorontoMLS system during the first 14 days of February.  This result represented a decline of 8.3 per cent compared to the same period in 2012.

 

“The number of transactions was lower for most home types in comparison to last year, but so too was the number of new listings.  This means that market conditions remained quite tight, especially for low-rise home types.  The result was continued price growth over last year,” said Toronto Real Estate Board President Ann Hannah.

 

The average selling price for TorontoMLS transactions in the first half of February was $509,061 – up by four per cent in comparison to the same time last year.

 

“The annual rate of price growth so far in February has been in line with expectations for 2013.  The average selling price in the GTA will continue to grow this year but at a slower pace compared to 2012.  The basis of this price growth will be the low-rise segment of the market, for which months of inventory and therefore choice for buyers remains very low,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

 

Summary of TorontoMLS Sales and Average Price February 1 - 14

2013

2012

Sales

Average Price

New Listings

Sales

Average Price

New Listings

City of Toronto ("416")

1,087

$555,423

2,196

1,169

$540,246

2,465

Rest of GTA ("905")

1,736

$480,030

3,323

1,910

$458,071

3,540

GTA

2,823

$509,061

5,519

3,079

$489,270

6,005

TorontoMLS Sales & Average Price  By Home Type February 1 - 14, 2013

 

Sales

Average Price

 

416

905

Total

416

905

Total

 

 

Detached

384

972

1,356

817,217

578,965

646,435

 

Yr./Yr. % Change

-4.0%

-11.7%

-9.7%

5.8%

5.0%

5.9%

 

Semi-Detached

111

175

286

625,887

399,554

487,397

 

Yr./Yr. % Change

-9.8%

-11.2%

-10.6%

5.3%

4.9%

5.3%

 

Townhouse

117

339

456

448,876

376,320

394,936

 

Yr./Yr. % Change

17.0%

1.8%

5.3%

15.9%

10.1%

12.1%

 

Condo Apartment

458

213

671

355,666

275,950

330,361

 

Yr./Yr. % Change

-14.4%

-11.6%

-13.5%

-8.4%

2.3%

-6.0%

 

 

 

- 30 -