December 2012 Market Update. Just released.

TORONTO, January 4, 2013 – Greater Toronto Area REALTORS® reported 3,690 sales through the TorontoMLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 – down from 89,096 transactions in 2011.

The average selling price in December 2012 was up by 6.5 per cent year-over-year to $478,739. The average selling price for 2012 as a whole was up by almost seven per cent to $497,298.

Complete Market Watch for December 2012
-:: Toronto Real Estate Board ::-

So although the market was slower, the prices still remain strong and even higher than previous years.  Thinking of selling you home?  Let’s talk !