Mississauga Real Estate June 2019- According to the latest Toronto Real Estate Board Market Watch Report, across the GTA sales volume is picking up after a slow start to the year. Nevertheless, new listings are still in short supply. Consequently buyers are competing when submitting offers on homes. In particular the most active price range is under $800,000 for purchase price. In part due to recent government regulation and stress test rules to cool the market.Mississauga House Price Report June 2019 Scott Brubacher Broker
Mississauga real estate is a sellers market
In fact in Mississauga real estate is a seller’s market. To emphasize, there are not enough new listings to meet the demand of buyers. Further for sellers, homes are selling faster than earlier this year. It takes an average of 16 days on market with homes selling at an average of 99% of asking price. To enumerate, the sale to new listing ratio (SNLR) is also higher than last month at 57.5%. Typically anything between 45-55% is a balanced market.
Certainly high Immigration numbers and healthy job reports are factors bringing new home buyers to Mississauga. Notably downsizers and first time buyers are very active in our Mississauga real estate market.
Mississauga House Price report June 2019
Avg. house price Mississauga Toronto Milton
(All home types) $ 756156 $ 937804 $ 769950
All House Types in Mississauga Avg. Prices
- Detached $ 1098973
- Semi-Detached $ 736417
- Condo TH $ 592428
- Condo Apt $ 477965
- Link $ 687500
- Freehold TH $765114
- Total Average $ 756156
Mississauga House Price Chart June 2019
Downsizers are competing for larger condo apartments
In conclusion in Mississauga we are seeing first time buyers competing for townhomes and semi-detached under $650,000. Further downsizers are competing for the larger condo apartments also under $650,000. Finally the inventory of good homes is low so far this year.
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Mississauga House Price report June 2019 Video
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