Toronto Real Estate Board Housing Market Charts September 2009

Housing Market Charts - September 2009

TREB MLS® Sales Monthly with Three Previous Years for Comparison 12,000 2006 2007 2008 2009 10,000 8,000 6,000 4,000 2,000 0 Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® sales for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.

TREB MLS® New Listings Monthly with Three Previous Years for Comparison 20,000 2006 2007 2008 2009 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® new listings for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.

TREB MLS® Average Resale Home Price Monthly with Three Previous Years for Comparison $420,000 2006 2007 2008 2009 $400,000 $380,000 $360,000 $340,000 $320,000 $300,000 Source: Toronto Real Estate Board Explanation: This chart plots the monthly MLS® sales-to-new listings ratio (SNLR) for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month. When the SNLR moves higher, annual average price growth generally increases – often at a rate well above inflation. When the SNLR moves lower, annual average price growth generally declines and can become negative.

TREB MLS® Sales-to-New Listings Ratio Monthly with Three Previous Years for Comparison 1.00 2006 2007 2008 2009 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 Source: Toronto Real Estate Board Explanation: This chart plots the monthly MLS® average home price for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.

TREB MLS® Sales Monthly Time Series with Trend Line 12,000 Actual MLS® Sales 10,000 Trend (12-Month Moving Average) 8,000 6,000 4,000 2,000 Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® sales since January 1995. The blue line shows actual sales. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.

TREB MLS® New Listings Monthly Time Series with Trend Line 20,000 18,000 Actual MLS® New Listings 16,000 Trend (12-Month Moving Average) 14,000 12,000 10,000 8,000 6,000 4,000 2,000 Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® new listings since January 1995. The blue line shows actual new listings. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual new listings must occur to change the direction of the trend.

TREB MLS® Average Price Monthly Time Series with Trend Line 425,000 Actual MLS® Average Price 375,000 Trend (12-Month Moving Average) 325,000 275,000 225,000 175,000 Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® average price since January 1995. The blue line shows the actual average price. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual average price must occur to change the direction of the trend.

TREB MLS® Sales-to-New Listings Ratio Compared to Average Annual Per Cent Change in Home Price Average Price Annual Per Cent Change 1.00 20% Sales-to-New Listings Ratio 0.90 15% 0.80 0.70 10% (Brown Line) (Blue Line) 0.60 5% 0.50 0.40 0% 0.30 Sales-to-New Listings Ratio -5% 0.20 Average Price Annual Per Cent Change -10% 0.10 0.00 -15% Source: Toronto Real Estate Board Explanation: This chart plots the monthly sales-to-new listings ratio (blue line) with year-over-year average annual per cent price change (brown line). When the sales-to-new listings ratio moves higher, average annual per cent change in home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent change in home prices generally trends lower.

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Toronto Real Estate Board Housing Market Charts September 2009

by Richard Silver on Oct 06, 2009

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Toronto Real Estate Board Housing Market Charts September 2009 — Presentation Transcript