GTA Home Market Watch – February 2012

As we have witnessed in the past months, the low listing inventory kept the Buyers competing to buy a home in February.  Low mortgage rates along with 2.99% (4-5 year fixed) rates specials kept the Buyers in an upbeat mood.  The market and prices might stabilize once there is an increase in home inventory coupled with an increase in interest rates.  Until then, Sellers still seem in favourable position.

Here is a recap of numbers for February 2012:

  • February 2012 MLS sales: 7032* (up 16% from February 2011)
  • February 2012 Avg sale price: $502,508* (up 11% from February 2011)

Read the full February 2012 Market Watch*

Contact me today for:

  • Free Home Evaluation
  • Free Moving Service
  • Full Service Marketing including MLS, HD Photos, Virtual Tour, Full Colour Brochures, Social Media and much more
  • Competitive Commission Packages

Happy Home Hunting…

* credit and source Toronto Real Estate Board

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