Buyers always ask that question first. That is because it is a good question. During buoyant markets if the answer is "more than 3 weeks" then it is a good bet the place is over-priced.
"If a property is properly priced, it will sell within 5% of its asking price within 30 days."
(Carl Hiltz - 1904 - 1985).
More than 30 years of working in the Toronto Real Estate market has assured me that boom-or-bust the above statement can be relied upon.
If you wish to discuss the market further, please call me at the number below. Your call is welcome at any time and will be held in confidence.
Best wishes,
Peter
(416) 925-9191
www.PeterRussellRealEstate