How's the Market in Toronto? February Edition

Hey Friends,

January was off to a strong start this year. Although the weather remains to be a theme for many sellers waiting for the right time to sell, the market is still moving up.

Due to the lack of inventory and quality inventory we have noticed compared to last year January that sales volume is slightly low by 2.2%, prices are upby 9.2% to an avg selling price of $526,528 and Days on Market have reduced to 36 days.

Thinking of Selling?

If you are thinking of selling and have been waiting for the weather to get better, this is the right time to sell as we have a lack of inventory and the serious buyers are out there waiting for the perfect opportunity. Beat the competition and get on the market now before it starts to warm up.

If you have any questions about the market or your specific needs, please feel free to call me for more information. My direct line is 416 274 1513. You can also text me here.

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Sherif Nathoo

Sherif Nathoo

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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