Port Credit Mississauga Houses Price sold in 3-rd Quarter 2019 Report

Port Credit Mississauga Houses Price sold in 3-rd Quarter 2019 Report

Port Credit 2019 2018 Difference
House sale 37 33 12.1%
Homes Average Price $1,146,579 $1,027,697 12%
New Listings 85 65 31%
Active Listings 48 36 33.33%
% of Sales Price to Listing Price 98 98 0.00%
Days on Market 30 36 -16.67%

Port Credit average house price in 3-rd Quarter 2019 is $1,146,579 but if you made renovation your house market value is higher. For more information please contact:

In comparison to the third quarter of the previous year, there have been some notable changes on the housing market in Port Credit. This includes the continued decrease in sales and average price of homes. In particular, house sales have demonstrated a 20.9% difference from 43 in 2017 to 34 in 2018, as well as a 9.2% increase in price from $1,124,079 to $1,020,924 between 2017 and 2018.  Furthermore, the percent increase in sales price to listing price was 100% in 2017, and was 97% this year.

In relation to house sales and prices, there has also been a noteworthy difference in both new and active listings in the 3-rd quarter between 2017 and 2018. In 2017, the number of new listings in Port Credit was 106 whereas the number of active listings was 37. In 2018, there were now 74 new listings and 46 active listings. This corresponds to a 30.2% difference in new listings and 19.6% difference in active listings between 2017 and 2018.

The interplay of these factors then influenced the average number of days a house spent on the market, which increase from 17 days in 2017 to 23 days in 2018. This difference therefore represents a 26.1% increase in the third quarters of both these years.

Evidently, the real estate market is dynamic and there are more changes to be expected as we move into 2019. If you are looking to buy or sell this year, please contact me to gain a better understanding of your current position as well as your future options. I can help you make the right choices as you move forward with your decision.

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