Markham Attached Home prices hit new record in Feb 2022

Markham Attached Home prices hit new record in Feb 2022

Markham Attached Home prices hit new record in Feb 2022

Video

Markham Attached Home prices hit new record in Feb 2022!

Freehold Attached Market

The freehold attached houses' average price, including town, semi, and link houses, was up 2.7% from the previous month, up 33.6% from the same month previous year. The average time to sell this type of home is around 7 Days. The current month of inventory of Attached houses in Markham is about 1.2. Therefore, this segment of housing is currently in a Strong Seller's Market.

Freehold Detached Market

The average price of detached houses was down 3.1% from the previous month, up 24.7% from the same month last year. Approximately 60.9% of total freehold units sold in Markham last month are Detached houses. If you plan to buy a detached home in Markham, you will need to spend an average of $2.2M. The current month of inventory of detached dwellings in Markham is around 1.37. The new listings were up 140.5% from the previous month, and down 16.0% from the same month last year.

Condo Market

The condo market is a Strong Seller's Market. It takes an average of 8 days to sell a condo unit in Markham. The average price was up 9.4% from the previous month, up 39.7% from the same month last year. The new listings were up 113.3% from the previous month, and up 13.5% from the same month last year.

If you plan to move to Markham or you want to learn more about real estate investment opportunities in Markham, please contact Markham real estate agent Realtor Alan Zheng at 647-877-9311.