The Toronto Real Estate Board released the May 2009 statistics for the GTA.
The number of sales for the month of May was 9,589 in the GTA compared to 9,411 in May of 2008, representing a 2% increase.
The number of days on the market increased from 31 in 2008 to 35 in 2009.
In the Central District of Toronto in May 2009, the average price was $510,325 and the median price was $364,000. The average percent to list came in at 98%. The average number of days on the market was 31 days compared to the GTA average of 35 days.
Overall, over $892 Million worth of real estate traded in the central core of Toronto during the month of May.
Source: The Toronto Real Estate Board – Market Watch
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