New Toronto MLS Listings Increase In Early February
The latest Toronto MLS Listings sales stats from the Toronto Real Estate Board show that home listings in Toronto were on the rise during the first two weeks of February – meaning buyers may be able to feel a bit more relaxed if this continues.
Listings on the Toronto MLS Listings increased early this month.
“The GTA resale home market became better supplied during the first 14 days of February,” said the president of the Toronto Real Estate Board in their latest press release. “If growth in new listings continues to outstrip growth in sales this year, competition between home buyers will ease. More balanced market conditions on a sustained basis would result in a lower annual rate of price growth later in 2012.”
Resale home listings on the Toronto MLS increased by 13 per cent over the first two weeks of February last year, and home sales through the MLS Listings increased by 9 per cent for a total of 3,206 compared to 2,933 last year.
Condo sales in the 905 area code outpaced those in the 416 area code at the beginning of the month, with condos up by 15 per cent in the 905 and down seven per cent in the 416.
In addition, according to the Toronto Real Estate Board, sellers received about 99 per cent of their asking price, with homes being on the market for an average of 25 days. The market is certainly heating up early this year!
New Toronto MLS Listings Increase In Early February is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale