Although sales in September 2010 were sluggish compared to 2009, we are up 4% in terms of home sales for year to-date compared to last year. And the values keep moving upward, up five percent.
Personally I’ve seen a lot of movement in listings the core Beach – both our own and those of others which is good news….the big concern coming into the fall was that there was going to be a glut of inventory and a popping sound for values. What we’re seeing is a slight balancing – some homes are still holding offer nights but the average days on market is still very good.
Let’s take a peek at the this indicator of inventory to sales between this year and last for the Beach – E02 District.
days on market
Active listings are higher but that is likely leftovers from the summer that were not moving. Overall they are in good alignment.
You can check out the housing charts below and click here for the full Toronto Real Estate Board Market Watch for September 2010.