In 2021, we saw more of a typical real estate market cycle in comparison to 2020. This December, we saw the same trend of buyers staying in the market over the holidays, and sellers decided to wait, which resulted in another huge discrepancy in the percentage of listings to sales.
Here are the numbers you need to know for the month of December:
Months of Inventory:
For GTA: 0.53MOI
For Mississauga: 0.41 MOI (12 days of inventory)
Mississauga Housing Segments:
Detached homes: 0.61 MOI
Townhomes: 0.13 MOI
Semi-Detached: 0.03 MOI (THATS ONE DAY OF INVENTORY!!!)
Condos: 0.46 MOI (slowly catching up to the other segments)
What are the main things we should expect to see in 2022?
1. We are going to continue to see low inventory
2. There are talks of interest rate hikes this year, but the market will continue to remain strong unless it jumps 2-4%
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