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Real Estate Sales continue to Rise In April

April 2009 sales were 8,107 down seven per cent from April 2008.
While April sales remained lower than last year, the housing market gained
momentum on a month-over-month basis. The seasonally adjusted annual rate of sales in April, at 80,900, was up 26 per cent from March and up two-thirds compared to January’s ten-year low.“Conditions in the resale housing market have improved markedly this Spring,” according to TREB President Maureen O’Neill. “Home purchases have increased as households have taken
advantage of low interest rates and slightly lower home prices.”
The average price for April transactions was $385,641 – down three per cent from last year. Please see the graph below to see the monthly average price trends for the last 7 years.

Average Monthly Prices – April 2009

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