Mississauga Real Estate – According to the Toronto Real Estate Board market watch report released in May 2018, across the GTA, the number of sales was down by 32.1% since the same time last year. Moreover at the same time, the number of new listing decreased by 24.6%. Mississauga House Price Report May 2018
In Mississauga it’s a good real estate market for both buyers and sellers:
- Firstly, the key indicator of a balanced market is the sales to new listing ratio. The SNLR is currently at 49.1% which is right in the middle between a buyers market and sellers market.
- Secondly, it takes and average of 19 days to sell your home at 98% of the asking price. The average Mississauga home price is $721,160.
- Correspondingly, Mississauga house prices are stable and the Canadian economy is strong with one of the lowest jobless rates in many years at 5.8%.
- Finally, investors are sitting on the sidelines which leaves more homes available for families who want to move into them.
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Mississauga House Prices for May 2018:
Avg. house price Mississauga Toronto Milton
(All home types) $ 721160 $ 865817 $ 708122
o Average Days on market (DOM) 19 days
o Average Sale Price to List Price (SP/LP) 98%
o Sales to New Listings Ratio (SNLR) 49.1%
May 2018 All House Types in Mississauga Avg. Prices
Detached $1098911
Semi-Detached $ 703032
Condo TH $ 552045
Condo Apt $ 435254
Link $ 718333
Freehold TH $ 739759
Total Average $ 721160
In conclusion the story in Mississauga is that it’s a great time to buy and sell Mississauga real estate. Call me if you have any question on the Mississauga House Price Report May 2018
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Mississauga House Price Report May 2018