top of page

What to Expect in 2012

According to TREB, prices will continue to grow in 2012.  TREB’s Market Watch publications now include an MOI (Months of Inventory) indicator, which shows how long it would take to sell all actively listed homes, on average, assuming an unchanged level of sales and no additional homes being listed. It is calculated by dividing the 12-month moving average of active listings by the 12-month moving average of sales.  A shrinking MOI is an indication of a tightening market with fewer listings, ultimately creating competition among buyers and rising prices.

The average MOI was 2.3 months over the last 2 years, according to TREB.  During years 2000 through 2007 (leading up to the recession) it was 3.0 months.  “The low months of inventory over the past two years resulted from very strong sales relative to the number of homes listed.  In 2011 in particular, there was a shortage of listings in the GTA.  We continue to experience tight market conditions and considerable upward pressure on the average selling price,” said TREB President Richard Silver.

TREB expects the average price to continue rising in 2012 by approximately 4-percent to around $485,000 based on the current tightness of the market and the continued positive affordability thanks to low mortgage rates.  A more moderate price increased compared to the 8-percent spike in 2011.

January 2012 So Far

The results of the first two weeks of January are in.  Already, we’re seeing increases and the year has barely begun.  GTA Realtors reported 1,506 sales during the first two weeks of 2012, representing a 6-percent increase compared to the same period in 2011.  New listings were also up, by 3.7-percent, which could be a sign of a balancing market but not quite yet, as the market continues to lean toward sellers’ market conditions.

The average price for the first two weeks was $444,473, an 8.5-percent increase compared to the same period of 2011.  Can’t wait to see what the rest of 2012 brings!

Recent Posts

See All

コメント


Sutton_new_logos_all-white-rect-trans.png

© 2022 Sutton Group-Admiral Realty Inc., Brokerage 

Independently owned & operated

1206 Centre St

Thornhill, ON L4J 3M9

1881 Steeles Ave W

Unit 12

Toronto, ON M3H 5Y4

7900 Bathurst St 

Thornhill, ON L4J 0B8

Office: 416-739-7200

Fax: 416-739-9367

info@teamadmiral.com

Thanks for submitting!

  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • Youtube
bottom of page