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Market Watch Sep-2019
Mark G Nakhla , B.Sc. - Broker ::
Year over Year Summary 2018 Vs 2019

• Sales up 22% to 7,815 units
• Average Sold Price is up 5.3% to 843,115
• New Listings down -1.9% to 15,611 units
• Active Listings down -14.1% to 17,254 units
• Average Days on Market down -11.5% to 23 days
TORONTO, October 3, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 % compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales.
On a preliminary seasonally adjusted basis, the September 2019 sales level remained in virtually the same as the August 2019 result. The supply of listings continued to be a concern in September 2019, with new listings down by 1.9% year-over-year to 15,611. We have experienced multiple months this year wherein the annual rate of sales growth outpaced the annual rate of new listings growth, resulting in the overall number of active listings at month-end being well-below last year’s levels
RE/MAX Crossroads Realty Inc., Brokerage
Mark G Nakhla , B.Sc. - Broker
416-710-1088 (Cell)
Source: TREB October 2019