Markham Freehold Market Report - Apr 30 21

Markham Freehold Market Report - Apr 30 21

Markham Freehold Market Report - Apr 30 21

In Apr 30 21, Markham's freehold housing market remains a strong seller's market in the Great Toronto Area.

The freehold attached houses' average price, including town, semi, and link houses, was little changed v.s. last month, up 32.0% from the same month last year, when is also the first lockdown during pandemic. The average time to sell this type of home is around 10.3 Days. The current month of inventory of Attached houses in Markham is around 0.7. Therefore, this segment of housing is currently in a Strong Seller's Market.

The average price of detached houses was unchanged v.s. last month, up 30.7% from the same month last year. Approximately 61.0% 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 $1.7M. The current month of inventory of detached dwellings in Markham is around 1.19. While fewer detached houses sold last month, more new listings are coming to the market. The new listings are up 6.2% from the previous month, but sold listings drop 3.7%, implying downward price pressure for the detached houses in Markham in the coming months.

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.