It was a very busy September for Mississauga-area buyers and sellers with numbers showing the largest August to September increase in more than a decade, according to the Mississauga Real Estate Board (MREB).
Residential property sales recorded through MREB’s MLS system came in above year-ago levels in September 2014. There were 877 homes sales during September, up four percent from the same month last year. 8,142 home traded hands this year, up 1.7 percent from the first nine months of 2013.
The average price of homes sold in September 2014 was $505,218, little changed (-$269) from September 2013. Looking at year-to-date, the average sale price was $504,695, up 4.5 percent from the same period last year. MREB points to a tight single-family market as the cause of steadily riding home prices.
Active residential listings numbered 2,115 units at the end of September 2014. This was down 6.5 per cent from the end of September 2013.
The total value of all residential sales in September was $443 million. This was up four per cent from September 2013.