Toronto home sales down as new listings reach low not seen since October 2010: TRREB
New listings were down 11.6 per cent year over year to 11,749 — a level not seen since October 2010.
The average selling price was $1,089,428, a 5.7-per-cent fall from a year earlier, but an increase of 0.2 per cent from September. Overall, the board found the composite benchmark and average selling price have “flattened” in recent months after steeper drops in the spring and early summer.“Home prices in the GTA have found support in recent months because price declines in the spring and summer mitigated the impact of higher borrowing costs on average monthly mortgage payments,” the board’s chief market analyst Jason Mercer said in the release.
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