“The TorontoMLS
system recorded 6,301 single-family dwelling sales in November,” said
the President. “This is an eight per cent increase over November
2003 (5,847 sales), which was the previous high-water mark for the month.
With December still to come, we expect to break 80,000 total sales by the
end of 2004, a first in Board history.”
Prices eased
to $318,837 in November, a decline of two per cent from the previous month.
This was about the same as the decline between October and November 2003,
where prices fell one per cent to $301,612 from $304,844. In addition,
total inventory came in at 20,273 active listings, up 14 per cent over
November of 2003. “This indicates that we are entering a period of
relative quiet around the Christmas holiday,” Mr. Abraham said. “However,
we still expect another 4,000 to 5,000 sales before the end of the year.”
Breaking down the total Numbers into TREB Areas
In Mississauga (W-12 to W-20) the latter half of this year saw prices climb
10 per cent to $256,824 over the $233,151 recorded for the whole of 2001. Average
Days-on-Market in Mississauga was 34, as compared to a city-wide average of
38 days.
See the Average Price Cycles
from January 1995 to Date - a very interesting cyclical pattern is clearly
seen!
See how the historical 1 year mortgage interest rate
compares to the 5 year rate
This chart shows the breakdown of single family residential sales
for last month.
Housing Market Indicators |
||||
|
This month in 2003 |
This month in 2004 |
% Change |
|
Sales* |
8,084 |
7,329 |
(-9%) |
less sales |
New Listings* |
12,059 |
12,012 |
( -- ) |
equal listings |
Active Listings* |
20,063 |
22,368 |
(+11%) |
more listings all = softer market and prices |
* All figures above for Single-Family Dwellings.
Totals for this last month
Dwelling Type |
Sales |
% |
Median |
Detached |
4,622 |
98 |
$340,000 |
Semi Detached |
1,171 |
99 |
$271,000 |
Condo Townhouse |
865 |
98 |
$214,000 |
Condo Apt. |
1,643 |
97 |
$191,000 |
Link |
250 |
98 |
$256,250 |
Attached Row Townhouse |
596 |
99 |
$254,750 |
Co-op Apt. |
37 |
97 |
$166,000 |
Detached Condo |
9 |
97 |
$214,000 |
This is a graphical representation showing the percentage
of homes that sold in each price range.
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