MARKET UPDATE OCTOBER, 2016
Market update for October, 2016 – Here are the latest real estate numbers for Mississauga and the Greater Toronto area for October, 2016. These figures are in comparison to October, 2015. The real estate market continues to be active with prices still increasing. Average sales have also increased along with number of sales. Number of days on market has gone down. Number of new listings have gone down and there is still a shortage of listings on the market.
This creates a seller’s market and Multiple offers are being seen on almost every listing. Houses continue to sell over asking price increasing the prices at an unusually high rate. Buyers, however are having a hard time trying to buy a home. They can get frustrated and discouraged when miss out on a home they want. Don’t give up on finding the home you want. Talk with your agent and form a plan. Stay within your budget and on’t pay more than you can afford comfortably. Don’t forget there are other costs involved when buying a home Talk with your realtor to see what they are.
Number of sale ⬆ by 10.84% over October, 2015
Average sales price ⬆14.6% over October, 2015
Days on market ⬇ 22.73% from 22 days to 17 days
Average Listing Price/Selling Price ⬆ 3.03% from 99% to 102%
To look for information on buying or selling real estate, please visit my website: www.gloriavalvasori.com
For information on Buying Real Estate: https://gloriavalvasori.com/buying
To find information on Selling: https://gloriavalvasori.com/selling
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