The Toronto Real Estate Board released the January 2010 statistics for the GTA. The number of sales for the month of January was 4,986 in the GTA compared to 2,670 in January of 2008, representing an amazing 87% increase.
The number of days on the market decreased from 49 in 2009 to 28 in 2010 – a 43% change.
In the Central District of Toronto in January 2009, the average price was $517,846 and the median price was $385,000. The average percent to list came in at 101%. The average number of days on the market was 23 days compared to the GTA average of 28 days.
Overall, over $2,108 Million worth of real estate traded in the central core of Toronto during the month of January.
Source: Toronto Real Estate Board
