Mississauga Real Estate – April 2019 According to the latest Toronto Real Estate Board Market Watch Report, the average selling price is up .05% over same time last year, across the GTA. Correspondingly, sales volume has remained steady compared to the same time in 2018. Mississauga House Price Report April 2019
Mississauga houses are selling in a reasonable amount of time
In Mississauga the average home will sell for 98.5% of asking price on average 17 days on market.
It’s a balanced market. On the positive side that’s good for both buyers and sellers. The Sales to New Listings Ratio is 54.7%. Important to realize, that a SNLR of 50% indicates a perfectly BALANCED MARKET.
Above all properly priced homes will sell in a reasonable amount of time.
High competition in the spring Mississauga real estate market
Further to note. During the spring Mississauga real estate market, in highest demand are homes priced between $600,000 to $700,000 range. Notable to some degree we are experiencing low inventory for townhomes and semi-detached style housing. That is to say the missing middle in our housing market. Correspondingly, competition between buyers have created many multiple offer situations for entry level family style homes in Mississauga. High competition in the spring Mississauga real estate market.
Chart showing 12 month average house prices in Mississauga
Mississauga House Price Report April 2019
Avg. house price Mississauga Toronto Milton
(All home types) $ 738,673 $ 830,043 $ 717,432
All House Types in Mississauga Average Prices
Detached $ 1083306
Semi-Detached $ 723789
Condo TH $ 582741
Condo Apt $ 458767
Link $ 804000
Freehold TH $702196
Total Average $ 738,673
In conclusion in Mississauga there is not enough housing in the middle range between $600,000 to $800,000 and many buyers are competing to buy in that price range. In my view the solution is for governments at all levels to plan more affordable housing in this missing middle. As can be see, affordable family style housing in in short supply in Mississauga. See the full Toronto Real estate Board market watch report
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