Market report February 2010

Greater Toronto REALTORS® % reported 7,291 sales through the Multiple Listing Service® (MLS®) in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509. Sales and average price increases represent both increased demand for ownership housing and the base year effect, which involves a comparison of economic recovery this year to a period of economic decline last year.New listings also increased in February, climbing 24 per cent compared to the same month last year.

Median Price:
In March, the median price was $370,000, from the $317,500 recorded during March of 2009.