Toronto Real Estate Statistics

Market Statistics Toronto - September 2006.

Another month has past and sales are still going well. The average sale price is up by 3.2% over last September with 6,622 homes sold in through the Toronto Real Estate Boards MLS® system. Home sales seem to be on their way to nearly matching last 2005’s final home sales number of 84,145. However, this is mostly due to large sales numbers early in the year. September saw a reduction in home sales volume be around 10%, still the third best September according to the Toronto Real Estate Board.

There were 15,326 new listings in September bringing the inventory levels to 26,363 homes listed on the Toronto MLS®. This number is up 2,332 homes over August 2006. Which means that about 6,372 homes either expired, terminated or were suspended. It is also possible that many of those fifteen thousand new home listings may have been re-listed to zero their Day On Market (DOM) statistic, which is a big reason that I do not trust the official average DOM, prior to sale, statistic of 35 day.

Toronto Real Estate Statistics - North Districts
Date	Active Home Listings	Sales Volume	Sales to Active Listings Ratio
Aug-06	5,583	1,493	26.74%
Sept-06	6,064	1,312	21.64%

Toronto Real Estate Statistics - Central Districts
Date	Active Home Listings	Sales Volume	Sales to Active Listings Ratio
Aug-06	3,230	1,181	36.56%
Sept-06	3,790	1,166	31.01%

Toronto Real Estate Statistics - East Districts
Date	Active Home Listings	Sales Volume	Sales to Active Listings Ratio
Aug-06	6,034	1,675	27.76%
Sept-06	6,509	1,592	24.46%

Toronto Real Estate Statistics - West Districts
Date	Active Home Listings	Sales Volume	Sales to Active Listings Ratio
Aug-06	9,184	2,627	28.60%
Sept-06	10,030	2,552	25.44%

As you can see there is still a lot of home being sold in the Toronto area, however the sales to active listings ratio (S/A%) is decreasing. With the S/A% in the 20-30% range it indicates a balanced market that is likely to have modest price growth. If this number drops below 20% then it would mean that we are entering a buyer’s market.

This down ward trend in S/A% does indicate that if you want to sell your home fast and for top dollar you have to have the listing price just right. If you list your home too high you are likely to only help your competition to sell.

Get a Toronto Home Evaluation for free. Your privacy is important to me so, any information that you submit is completely confidential and will not be given, sold or transferred to anyone without your written consent.