Thursday, April 09, 2009

GTA West Days on Market and Sales to Active listings improving

These two charts above show days on the market and sales to active listings ratio and indicates that in the west zones, W01 to W28, the average days on the market has dropped over the past couple of months, indicating that it is taking less time to sell and the market is improving.

This is typical for this time of year in Mississauga and surrounding areas.

The sales to active listings ratio is increasing over the past couple of months indicating that about 35% of homes on the market are selling. This is a sobering statistic. This figure is rarely over 40% even when the market is good, so about 1 out of 3 homes is currently selling.

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829

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