Greater Toronto Area (GTA) REALTORS® reported 5,759 sales through the TorontoMLS system in February 2013 – a decline of 15 per cent in comparison to February 2012.
Now the good news for home owners, The average selling price for February 2013 was $510,580 – up 2% in comparison to February 2012.
However, months of inventory in the low-rise market segment will remain low, resulting in average price growth above 3% for the TREB market area this year. Our current average price forecast is $515,000 for all home types combined in 2013. If you are thinking of buying a home in 2013, lets talk now. Regards!
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