The GTA sales overall increased 26% from the same time last year but remained below the March 2021 peak and were lower than the number of transactions reported in May 2021. Price has also increased by 17% and the GTA months of inventory sits at 1.01.
In comparison, the City of Mississauga is experiencing a bit more of a competitive market, as the months of inventory sits at 0.97. When calculated, this is equivalent to 29 days of inventory, which essentially means the majority of all properties are selling in just under a month!
Here are the rest of the numbers you need to know for the month of June:
Mississauga Housing Segments:
Detached homes: 0.83 MOI
Townhomes: 0.63 MOI
Semi-Detached: 0.60 MOI
Condos: 1.41 MOI
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