Prices are up but sales are down in Markham for the month of September. After a short dip during the summer, prices continue to rise pulling up the current year-to-date average to $608,190. The average “Days on Market” remains at 24 days as compared to August but the active listings vs sold listings ratio drops to 25.8% down from 34% a month ago. Taking a look at the 4th graph below, you’ll see that overall sales have dipped while inventory has risen, trending toward a buyer’s market. While most Sellers continue to benefit from higher prices, Buyers have more selection to choose from so if you’re thinking about selling your home, make sure your home stands out from the rest and ensure your agent has a sound marketing plan to increase your exposure.
If you have any specific questions about the Markham real estate market feel free to give me a call or send me an e-mail and I’d be glad to share my time with you!