Durham Region Real Estate Blog

So maybe I’m a little slow on the uptake, but here are your sales stats for Toronto and the rest of the GTA.  I’ll have some more localized numbers for you soon. 

There were 8,107 sales reported by Realtors® on the Toronto Real Estate board in April, 2009.  This is down only 7% from April, 2008.  Not bad at all considering all the negative press we’ve been hearing lately! 

While April sales remained lower than last year, the housing market gained momentum on a month-over-month basis.  Of course the warmer weather that arrives in April is helping, but who can fault buyers for choosing now as the right time to get in to the market.  Interest rates are at fantastic levels and prices are slightly lower, making it a great buyer’s market.   The average price for April transactions was $385,641 – down 3% from last year.  I think we can all agree that a 3% decrease is very tolerable!

For those of you interested in what’s happening in your neck of the woods, email me and I’ll get you data from your neighbourhood. 

Now let’s all keep positive (negative never got us anywhere good!) and maybe we’ll see the market continue to pick itself up in May.

Tags: bowmanville real estate, courtice real estate, home buying, home selling, oshawa real estate, whitby real estate