Sales Volume Statistics
2010 Monthly Sales versus 2009

The Toronto Real Estate Board reported 4,986 sales of single family homes in January 2010. While being fairly typical for the time of year, this represents a 10 percent decline from the sales volume for December 2009, as well as an 87 percent increase over the recessionary trough of sales volume reported for January 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 January for each of the years 1991 through to 2010. Sales volume for January was very typical for the time of year while being significantly higher than the recessionary low sales volume reported for January 2009.
Average Selling Prices
Average 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 January was $409,058 - which represents a 1 percent decline from the $411,931 reported for December and a 19 percent increase over the $343,632 reported for January 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 January is depicted below in the Sales by Price Breakdown chart.
The average selling price year-to-date for 2010 is $409,058 - approximately 3 percent higher than the average selling price for 2009 of $395,460.
Inventory

This chart depicts the number of active listings (properties for sale)
on the Toronto Real Estate Board. There were 12,052 properties listed for sale in January 2010 which represents a 17 percent increase over the number of properties listed for sale in December 2009 and perhaps more importantly a 41 percent decline from the number of properties listed for sale in January 2009. This chart represents perhaps the most intreaguing characteristic of the current market namely dramatically lower levels of properties on the market for sale. The number of new properties coming onto the market in January was 3 percent lower than a year ago. Lower levels of inventory of properties for sale could well contribute to maintaining higher sale prices.
Home Sales by Type/Price
Home Sales by Type of Property:

This chart breaks down single family residential sales during January 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 January 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.