Mississauga Real Estate – First let me say the Mississauga Real Estate Market is good for both Buyers and Sellers. It’s a balanced market. According to the Toronto Real Estate Board market watch report across the GTA, the number of sales increased by 17.7% over the same time last year. At the same times prices have remained stable .Condo apartments continue being in the highest demand. Read on for the Mississauga House Price Report September 2018
More house sales in August ; Condo’s still in highest demand
In Mississauga expect house prices to climb in the second half of this year. Inventory is in short supply in Mississauga with only 2.2 Months of Inventory. The key indicator we use to read the market is the sales to new listing ratio (SNLR) and its right in the middle of a balanced market at 53.6%
Mississauga homes take an average of 25 days to sell at 98% of asking price. The average home price is $683,819. Furthermore many families are moving to Mississauga from Toronto neighbourhoods. They can save us much as 15% on average by relocating to Mississauga.
Mississauga House Prices Remain Stable
Mississauga House Prices reported in August 2018
Avg. house price Mississauga Toronto Milton
(All home types) $ 683819 $ 785223 $708130
- Average Days on market (DOM) 25 days
- Average Sale Price to List Price (SP/LP) 98%
- Sales to New Listings Ratio (SNLR) 6%
August 2018 All House Types in Mississauga Real Estate
- Detached $1017908
- Semi-Detached $ 728079
- Condo TH $ 555316
- Condo Apt $ 418474
- Link $ 738250
- Freehold TH $728457
- Total Average $ 683819
Mississauga House Price Report September 2018
In conclusion the story in Mississauga Real Estate and the GTA for September; it appears we will see price increases this fall. The supply is in high demand and inventory is in short supply.
If you are thinking about moving outside Mississauga then check out our Boomers on the Move Workshop
Thanks we are here to help! Call me. –Scott (O) 905-821-3200 © 647-223-0237 Mississauga Real Estate
Mississauga House Price Report September 2018 Video