New Street February 2021 GTA Region Real Estate Market Report //
Price//
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The average price of a home in the GTA Region was $1,045,488 in February 2021.
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This figure was up by approx. 8% from Jan. 2021.
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The average price increased from last year by approx. 15% ( Feb. 2020).
Sales Activity//
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With 10,970 sales, volume increased from last month (Jan. 2021) by approx. 59%.
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Sales activity was up from last year (Feb. 2020) by approx. 53%.
Market//
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Homes in the Greater Toronto Area sold in 19 days on the market with an average sales to listing price ratio of 7% over asking (107%)?
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There is currently 1.5 months of supply on the market which is down from last month at 6.3%. Inventory is down from last year by 25% (Feb. 2020)?
Analysis//
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The market continues to perform at record high levels in terms of sales and average prices. ?