Sales Volume Statistics
2010 Monthly Sales versus 2009
The Toronto Real Estate Board reported 4,395 sales of single family homes in December 2010. This sales volume represents a 32 percent decline from the sales volume for November 2010 (typical for the time of year) as well as a 21 percent decline from the sales volume reported for December 2009.
Annual Sales Volume 1980-2009
This chart graphically depicts the number of single family homes sold in the years 1980 through to 2009. The volume of sales in the Toronto area experienced peaks in 1986 and 1988 followed by slow years during the early 1990's. Sales volume picked up from 1996 onwards. Sales of resale homes in 2007 were the highest recorded; the sales volume for 2009 was 6 percent lower than 2007.
[Note: the Toronto Real Estate Board's geographic boundaries were changed during the period depicted in the graph, so direct comparisons between 1996 and 1986 for example, are not valid]
Sales Year-To-Date
This chart depicts the number of resale homes sold to the end of December for each of the years 1991 through to 2010, and as such now represents the annual sales volume. In spite of the declining sales volumes in May, June, July, August and December, and flat sales volume in September, October and November, record high sales volumes for March and April have positioned 2010 in 3rd place behind the record breaking year of 2007.
Average Selling PricesAverage Selling Price 1980-2009
This chart presents average price trends for houses in the Toronto area during the last 29 years. House prices clearly peaked in 1989 and then dropped until 1996. House prices have been steadily increasing during the last few years although not at the dramatic rates seen during the late 1980s. Prices levelled off during 2008, but resumed their upward climb in 2009.
Average Monthly Selling Price 2010 vs 2009
The average selling price of homes that sold during December was $433,946 - which represents a 1 percent decline from the $438,030 reported for November. The December monthly average selling price remains approximately 5 percent higher than the $411,931 reported for December 2009. Average selling price reported on a monthly basis can be misleading as it is comprised of a combination of the real value of property plus the mix of higher priced to lower priced homes that have sold during the month. The mix of homes sold during December is depicted below in the Sales by Price Breakdown chart.
The average selling price for 2010 was $431,463 - approximately 9 percent higher than the average selling price for the year 2009 of $395,460.
Inventory
This chart depicts the number of active listings (properties for sale) on the Toronto Real Estate Board. There were 11,245 properties listed for sale in December 2010 which represents a 29 percent decline from the number of properties listed for sale in November, and is also now 9 percent higher than the exceptionally low number of properties listed for sale in December 2009.
Home Sales by Type/PriceHome Sales by Type of Property:
This chart breaks down single family residential sales during December 2010 into the various different categories of property such as single family detached, semi-detached, townhouse etc. As always, single family detached homes make up the bulk of all sales with condominium apartments coming in second.
Home Sales by Price Range
This chart breaks down sales of single family homes during December 2010 into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Homes in the $300,000 - $400,000 price range produced the highest sales volume during December. The mix between sales of higher priced homes versus lower priced homes directly affects the average selling price reported for the month.
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