The market has continued to move very fast! There were 20% less sales and 50% LESS listings available in August. Therefore, even if the demand was less than before, supply was more than double the amount, which has contributed to a 12.6% increase in the average price!
Here are the numbers you need to know for the month of August:
Months of Inventory:
For GTA: 1.03 MOI
For Mississauga: 0.89 MOI
Mississauga Housing Segments:
Detached homes: 0.98 MOI
Townhomes: 0.24 MOI
Semi-Detached: 0.45 MOI
Condos: 1.23 MOI
Buyers continue to ask me when will the market correct itself and come down? When it comes to this question, there are 3 main factors to observe:
1. Interest rates
2. Unemployment rate
3. Immigration
SELLERS
If you're thinking of cashing out, you need proper guidance to capitalize in a hot market. Average agents are selling their listings for 106% of asking price. Here, at Mister Sauga Real Estate, we are selling for 113% of asking price (7% MORE for your largest investment)
BUYERS
We helped 16 buyers last year win in an extremely competitive market, so get into the market before you get priced out!
If you're thinking of making a move in 2022, we're here to help! Contact us today to get started!
Call or text 647-504-0690
Email: steven@mistersauga.ca