In January 2012, the Greater Toronto real estate market reported 4,567 sales, an 8.8% increase from January 2011, with low-rise homes seeing the strongest growth. The average selling price reached $463,534, marking nearly a 9% increase compared to the previous year, driven by low inventory levels and competitive buyer interest. Market analysts anticipate that robust price growth will attract more listings, potentially slowing price increases in the latter half of 2012.