Home sales numbered 787 units in November 2011, up
three per cent from the same month last
year.
“Demand continues to run at healthy albeit average
levels when compared with the past decade,” said Walter Hayde, President of the Mississauga Real
Estate Board. “It’s still a tight
market as far as available listings are concerned, and prices
have continued to climb as a result.”
The average price of homes sold in November 2011
was $426,821, a six per cent increase when compared to
November 2010.
New residential listings numbered 1,105 units in
November 2011, rising 14 per cent from the same month in
2010.
Active residential listings on the Board’s MLS®
System numbered 1,586 units at the end of November 2011,
edging up five per cent from the same time last year.
There were 2.1 months of inventory at the end of
November 2011 on a seasonally adjusted basis. This was up
slightly from 1.9 months at the end of October. The number of
months of inventory is the number of months it would take to
sell current inventories at the current rate of sales
activity.
The total value of all residential sales in
November was $336 million. This was an increase of nine per
cent from November 2010.
