The Numbers are In!
Here’s what happened in February 2020
In line with TRREB’s 2020 outlook, February saw strong sales and price growth.
There were 7,256 residential transactions in February, representing a 45.6% increase in sales compared to February 2019.
After seasonal adjustments, February saw a 14.8% sales increase vs. January 2020.
There was a 7.9% increase in new listings vs. February 2019.
Competition between buyers has increased resulting in a further acceleration of prices for February.
The average selling price for all home types combined was up 16.7% in February to $910,290.
Double-digit average price growth was experienced for most market segments, including detached homes and condo apartments.
*Source: TRREB Market Outlook for February 2020
Here are the Stats for various pockets of Etobicoke as well as Central Toronto, Mississauga, and Caledon.
Reach out if you’d like to receive a customized report for your pocket or neighborhood!
~ Deanna Allegranza