Elena  Racu

Elena Racu

Sales Representative

Royal LePage Realty Centre, Brokerage *

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Market Update

The year over year growth of active listings has been on very consistent steady pace of growth unlike the dramatic numbers we saw in 2017 and early 2018.  In certain areas multiple offers are continuing to happen!!

·       Average Prices continue to grow at a healthy steady pace of low single digit percentage increases on a year over year basis!!

·       The number of Days on Market for a listing to sell is still reasonable and favorable to Sellers!!

·       The Months of Inventory supply has remained stable throughout the year and September’s figure indicated it would take 2.3 months to deplete the entire listing inventory!!

·       Although Peel region had a Sale to New List Ratio of 51.5%, Mississauga had a stronger result at 54.4% and continues to show signs of slow steady improvement!!

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