Markham Freehold Housing prices hit another record high in Oct 2021

Markham Freehold Housing prices hit another record high in Oct 2021

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Markham Freehold Housing prices hit another record high in Oct 2021!

Freehold Attached Market

The freehold attached houses' average price, including town, semi, and link houses, was up 2.9% from the previous month, up 35.5% from the same month previous year. The average time to sell this type of home is around 9.4 Days. The current month of inventory of Attached houses in Markham is about 0.5. Therefore, this segment of housing is currently in a Strong Seller's Market.

Freehold Detached Market

The average price of detached houses was up 1.1% from the previous month, up 27.4% from the same month last year. Approximately 63.1% 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 $1.93M. The current month of inventory of detached dwellings in Markham is around 0.87. The new listings dropped by 10% against the previous month, and 17% against Oct 2020, offering buyers very limited options under the current market.

Condo Market

The average price of the condo was up 4.4% compared Sep, up 16% v.s. last Oct. Both sold listings and new listings increased by 13%.

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.