The Toronto Real Estate Board reported 2,790 sales through the Multiple Listing Service for the first two weeks of July noting real Estate sales volume down but resale home prices continue to rise.
Toronto home sales decreased 37 per cent from the 4,437 sales made in the first two weeks of July 2009.
It appears that sales volume were the highest in the first four months of 2010 but now will continue downward as sales levels balance out
Year-to-date home sales are up by more than 18 per cent compared to last year reflecting a rebound from the 2008-2009 recession months.
The average Toronto resale price recorded for the first two weeks of this month was $427,931.
That figure is eight per cent higher than the average price of resale price of $394,750 recorded for the same period of 2009.
Related:
New Toronto Condominium Sales Rise In First Half
Toronto Real Estate Top Neighbourhoods For Price Increase
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