Downtown Toronto Real Estate: Days on the Market

Courtesy of the Toronto Real Estate Board.One of the most important trends to watch in Real Estate is the average number of days on the market. Over the past year there has been an increase in the days on the market from 30 days in the most active market to our recent level of 38 days.

To sellers this means that expectations have to change and for buyers this means that there is not the urgency to buy… however, do not be surprised when great properties still sell quickly and for good prices. Unusual homes in good locations are not as affected by market conditions… on’t get caught sleeping at the switch. You may not be the only person looking for that special something!

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