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Mississauga Real Estate Market Update

Blog by Gord Honor | March 25th, 2017

There are currently 397 freehold properties for sale in Mississauga. Of these 278 are detached homes. The number of listings is up dramatically since earlier in the year when we had less than 200 homes on the market. 

Of the detached homes only 106 are listed below $1,000,000

Since Jan 1 2017 there have been 1,075 freehold properties sold in Mississauga, thats an average of 12.8 homes sold per day.

We currently have 31 days of inventory on the market. That is if no more new listings came on the market it would only take 31 days to sell all of the existing inventory.

The market did slow a bit during March Break where home sales were down 30% from the week before March Break. The weather that week could have also been a factor.

This current market definitely favours the seller.

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