November put in another solid performance, with 6,281 sales transacted through the TorontoMLS system, Toronto Real Estate Board (TREB) President Dorothy Mason announced today.

“This 6,000 plus figure is in keeping with a generally healthy real estate market,” said the President. “By the end of December, the Toronto area market will have exceeded 80,000 resales for only the third time in TREB history.” Prices remained stable in November, with the average moderating slightly to $355,727 from October’s $356,423. The average was up four per cent over the November 2005 figure of $341,177.

Breaking down the total, 2,424 sales were reported in TREB’s 28 West districts and averaged $334,085; 1,223 sales were reported in the 14 Central districts and averaged $457,730; 1,152 sales were reported in the 23 North districts and averaged $391,959; and 1,482 sales were reported in TREB’s 21 East districts and averaged $278,785.

Click to view Residential Market Update – November 2006