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November 2011 Market

According to the Toronto Real Estate Board’s Market Watch, the Fall market  continued to display vitality throughout the month of November.  GTA transactions were up 11-percent from November 2010, from 6,384 to 7,092.  As well, new listings were up 14% year over year.  The average price was $480,421, a 10-percent increase year over year.

It is expected that the New Year will bring with it a more balanced real estate market, with more listings entering the market hopefully stabilizing the fast growth pace of average prices experienced so far in 2011.

Year over Year Overview20112012% ChangeSales7,0926,38411.1%New Listings9,7868,58614.0%Active Listings15,55115,813-1.7%Average Price$480,421$437,4949.8%Average DOM2934-14.9%

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