Despite the snowy weather and chilly temperatures, January was a busy month for Mississauga buyers and sellers! Property sales recorded through the MLS system of the Mississauga Real Estate Board came in above year-ago levels in January 2015.
Home sales numbered 500 units in January, up 8.2 percent from levels in the same month in 2014.
A tight market is being attributed to the rising average sales price in the Mississauga area. The average price of homes sold in January 2015 was $497,003, up nearly 5 percent from January 2014.
New residential listings numbered 1,057 units in January 2015, rising 6.4 percent from January 2014. Active residential listings numbered 1,220 units at the end of January 2015. This was down 7.4 percent from the end of January 2014. The total value of all residential sales in January was $248.5 million. This was up 13.6 percent from January 2014.