March 5, 2019 8:52 am
Updated: March 5, 2019 8:54 am

Average price for Toronto-area homes up in February, sales down from year ago

Home sales in the Greater Toronto Area in February fell compared with a year ago.

Mark Blinch/Reuters File
A A

TORONTO – Home sales in the Greater Toronto Area in February fell compared with a year ago, while the average selling price ticked higher.

The Toronto Real Estate Board says there were 5,025 homes sold in the region last month, down from 5,148 in the same month last year.

READ MORE: Toronto-area home sales up slightly in January

The average selling price was $780,397, up from $767,801.

The 2.4 per cent drop in the number of homes sold in the region came as the number of new listings fell 6.2 per cent.

READ MORE: Toronto-area home sales fall nearly 15% in November, sale prices up 3.5%

New listings in February totalled 9,828, down from 10,473 a year earlier.

The board says the decline suggests that market conditions became tighter compared with last year.

© 2019 The Canadian Press

Report an error

Comments

Want to discuss? Please read our Commenting Policy first.