Number of new listings on TREB flattening

TREB statistics show a definite flattening of the number of new MLS listings over the last number of quarters at just under 14,000 listings. This shows the current lowering of  of volume is a natural result of this  flattening of the new listings. Overall this has left. Decrease in effective homes for sale while the number of actual sales has stayed strong.  Pair the above observation with the continuing higher average sales price and you can see demand is strong. There is a very simple correlation between supply and demand. When supply goes down and price goes up, simple economics supply and demand theory states we have a strong market.  So do not expect a large drop in prices due to the pent up demand that is still evident in our Toronto and Area market.

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Darryl Mitchell
Managing Broker
RE/MAX Professionals Inc. Brokerage
416-937-0367