In this article we’ll go over a quick update on the fall 2019 Greater Toronto Area Real Estate market update.
Unlike this time last year, the real estate market in Mississauga and GTA is coming back to life, with a substantial increase in home sales and moderate price increases year over year.
Below are some basic highlights for the month of September as reported in the Toronto Real Estate Board’s Market Watch Report.
- Home Sales are up 22% when compared to the same time last year.
- Prices are up 5.8% when compared to the same time last year.
- New listings are down -2% compared to the same time last year.
Taking this information into consideration, we are looking at tightening market conditions which will lean towards a sellers market for the near future.
Below are some high level numbers of the Mississauga Real Estate Market at a glance:
Average sales Price in Mississauga: +3.88%
Number of Sales in Mississauga: +26%
Number of Active Listings in Mississauga: -15.72%