The Toronto Real Estate Board released the February 2009 statistics for the GTA. The number of sales to date was 4,120 compared to 6,015 in Febuary of 2009. The number of days on the market increased from 30 in 2008 to 45 in 2009. The listing inventory grew to 21,440 units from 18,018 units during the same time last year. The median price for the GTA was $312,900 in February of last year compared to $324,000 this year.
In the Central District of Toronto, the median price was $350,000, the average price was $473,991. The average percent to list came in at 96%. The average number of days on the market was 43 days compared to the GTA average of 45 days. Overall, over $350 Million worth of real estate traded in the central core of Toronto during the month of February.
Source: The Toronto Real Estate Board – Market Watch
