Sales were up in May!

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By Elli Davis, June 1, 2009

A news release from TREB (Toronto Real Estate Board) announced that "Greater Toronto Realtors reported 4,561 transactions in the first half of May - an increase of three percent compared to May 2008."

Average prices were only down by less than one-half of one percent (at $399,811) from last year.

Positive news is like a breath of fresh air, and even at the Elli Davis Team there has been a noticed upswing! Multiple offer situations have increased, the supply of available housing is healthy and Buyers can still make use of very low interest rates.

For the most recent Market Watch report, click here: Market Watch.