Mississauga Real Estate Market Trends Report
Type of Market: BALANCED MARKET.
Average Residential Sale Price: Jan-Feb Year over Year.
Mississauga is seeing a balanced market with some listings taking longer to sell or selling low than list price. These conditions are expected to prevail into 2019. Mississauga’s luxury market is currently seeing an increase in activity, with new builds and newly renovated homes selling at a fast pace. Growing trends include Millennials being priced out of the freehold market.
The RE/MAX average residential sale price expectations for Mississauga in 2019 is an increase of four per cent due to long-term price appreciation.
Price Sensitivity, affordability and increasing mortgage rates are expected to affect the market in 2019.
Luxury Homes will continue to see an increase in activity, with more homes priced correctly and expected to sell in 2019.
Move-up-buyers and first-time buyers are expected to drive demand in 2019.
BROKER, FRI, ABR, AMPR, CLHMS