Here is your March 2020, Greater Toronto Real Estate Market Update which covers not only Toronto, but Mississauga, Oakville and the other suburbs in the GTA. As a quick recap, the market is moving quickly with prices climbing. This means expect real estate bidding wars and bully offers for the foreseeable future!
As a whole Real Estate in the GTA breaks down as follows (average for all home types):
Home Sales are Up over 45%
New Listings are Up 7.9%
Prices are up 16%
Click here for the Complete Greater Toronto Real Estate Market Watch Report.
Mississauga Real Estate Market Snapshot
For Mississauga, note the Sold to Ask Ratio has climbed over 100%, however the average days on market remains at 22 days. Finally, the Absorption Rate is down to only 1.5 month’s worth of inventory. All signs point to a busy Sellers market for the spring of 2020.
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