GTA REALTORS Release Monthly Resale Housing Figures

TORONTO — Greater Toronto Area REALTORS reported 7,411 residential sales through the Toronto MLS system in September 2013, representing a 30 per cent increase compared to 5,687 transactions reported in September 2012. Year- to-date, total residential sales reported through Toronto MLS amounted to 68,907 during the first nine months of 2013— down by one per cent compared to the same period in 2012.
The average selling price for September transactions was $533,797—up by 6.5 per cent year-over-year. Through the first three quarters of 2013, the average selling price was $520,118—up by over four per cent compared to the first nine months of 2012.
The MLS(R) Home Price Index composite benchmark for September was up by four per cent year-over-year. The annual rate of growth for the composite benchmark has been accelerating since the spring of 2013.