Markham Real Estate Update

Markham Real Estate Market UPDATE for September

For the most part, the Markham real estate market remained steady in September and on par with the GTA's real estate market.  Year over year basis, the numbers are as expected and as us Markham home owners like to see, ON THE UP!

When it comes to average sold prices in Markham, we’ve seen fluctuations over the past few months but for the most part, they seem to be steadily rising.  Compared to September of 2013, average prices are up by 7.2% and so far this year, we are trending at a whopping 11.1% increase.

Three quarters of the way through this year, Markham has seen 3783 sold MLS listings as compared to 3660 sales at this point last year.  That’s an increase of 3.4%, however, that trend is flipped when taking a look at new listings.  Over the same period, Markham has seen 6.2% fewer new listings. What this means to you?? This means there are more buyers than homes on the market, which allows us as sellers to be in a more powerful position.

The average days it took for a home in Markham to sell was 23 days in the month of September.  These numbers seem to have been rising slowly, yet consistently since May.  That’s not uncommon to see over the summer months with many people not looking to more. As an example, in March, the average days a home was on the market was closer to 10.

If you have any questions about these statistics or would like to know how home sales are performing in your specific neighbourhood, please contact me.  As well, if you’ve been thinking about making a move and would like to discuss free home staging and your personal home, I’m happy to help.

Lorynne Cadman

Lorynne Cadman

CENTURY 21 Leading Edge Realty Inc., Brokerage*
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