Sales Volume Statistics
2011 Monthly Sales versus 2010

The Toronto Real Estate Board reported 4,718 sales of single family homes in December 2011. This sales volume represents a 32 percent decline from the sales volume for November 2011 which is typical for the time of year, and a 10 percent increase over the sales volume reported for December 2010.
Annual Sales Volume 1980-2010
This chart graphically depicts the number of single family homes sold
in the years 1980 through to 2010. 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 2010 was 8 percent lower than 2007 and 1 percent lower than 2009.
[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 2011. As such the chart now depicts annual sales volume with 2011 being the 2nd highest on record.
Average Selling Prices
Average Selling Price 1980-2010
This chart presents average price trends for houses in the Toronto area
during the last 30 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 2011 vs 2010
The average selling price of homes that sold during December was $451,436 - which represents a 6 percent decline from the $479,160 reported for November 2011. The December monthly average selling price was approximately 4 percent higher than the $433,523 reported for December 2010. 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 2011 was $465,412 - approximately 8 percent higher than the average selling price for the year 2010 of $431,276.
Inventory

This chart depicts the number of active listings (properties for sale)
on the Toronto Real Estate Board. There were 12,868 properties listed for sale in December 2011 which represents a 17 percent decline from the number of properties listed for sale in November but 15 percent higher than the number of properties listed for sale in December 2010.
Home Sales by Type/Price
Home Sales by Type of Property:

This chart breaks down single family residential sales during December 2011 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 2011
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 November. The mix between sales of higher priced homes versus lower priced homes directly affects the average selling price reported for the month.