With 581 sales reported on April 30, the highest single day total ever documented, April’s transactions reached an astounding 9,452, the best single-month total ever recorded, TREB President Dorothy Mason announced today.

“The Greater Toronto Area’s resale housing market has showed sustained strength and these phenomenal numbers bode well for the remainder of this year’s spring market.” Average prices climbed three per cent in April, to $379,025 from last April’s $366,683. “Despite the torrid sales pace,” Ms. Mason said. “Overall price increases are holding at marginally above the inflation rate, which means that potential first-time buyers are not being pushed out of the market.”

Breaking down the total, 3,591 sales were reported in TREB’s 28 West districts and averaged $351,415; 1,696 sales were reported in the 14 Central districts and averaged $517,418; 1,898 sales were reported in the 23 North districts and averaged $401,355; and 2,267 sales were reported in TREB’s 21 East districts and averaged $300,530.

Click to view Residential Market Update – April 2007