The Toronto Real Estate Board released the January 2009 statistics for the GTA. The number of sales to date was 2,670 compared to 5,075 in January of 2008. The number of days on the market increased from 36 in 2008 to 49 in 2009. The listing inventory grew to 20,450 units from 15,911 units during the same time last year. The median price for the GTA was $319,000 in January of last year compared to $303,000 this year.
In the Central District of Toronto, the median price was $352,875, the average price was $444,661. The average percent to list came in at 95%. The average number of days on the market was 44 days compared to the GTA average of 49 days. Overall, over $200 Million worth of real estate traded in the central core of Toronto during the month of January.
Source: TREB Market Watch
