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Mid-January Real Estate Stats for Oakville, Mississauga & GTA

January 18, 2010

GTA REALTORS® REPORTING JANUARY MID-MONTH HOUSING STATISTICS


TORONTO, January 18, 2010 – Greater Toronto REALTORS® reported 1,749 existing home sales in Oakville, Mississauga and the GTA on the Multiple Listing Service (MLS®) during the first two weeks of January.  This result was almost double the 888 sales reported for the same period in 2009, when sales had dipped to a recessionary low. Keep in mind now, that in January of 2009 we were in a frozen state for real estate in Oakville, Mississauga and the GTA.  There was an overall feeling of uncertainty and many home sellers pulled their homes from the MLS.

“We have had a strong start to 2010,” said Toronto Real Estate Board President Tom Lebour.  “Widespread sales growth in terms of geography and housing type indicates that many households remain confident in their ability to purchase and pay for a home over the long-term.”

The average price for real estate transactions in the first two weeks of January was $395,307, compared to an average of $332,495 for the same period in 2009.

“Double-digit average annual price growth will continue through the first quarter of 2010 as sales remain high relative to listings and we continue to make comparisons to last year’s winter downturn,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Source: Toronto Real Estate Board

Ryan Chelak is a real estate agent in Oakville and longtime Oakville resident. Subscribe to my blog to keep up to date on local news, information, events and of course everything you want to know about Oakville real estate.

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