Markham Freehold Market Report - Feb 2021

Markham Freehold Market Report - Feb 2021

In Feb 2021, 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 up 3.5% from the previous month, up 21% from Feb 2020. The average time to sell this type of home is around a week. The current month of inventory of Attached houses in Markham is around 0.6. This segment of housing is currently in a very hot seller's market.

The average price of detached houses was up 6% against the previous month, up 19% from Feb 2020. Approximately 56% of total freehold units sold in Markham last month are Detached houses. If you plan to buy a detached house in Markham, you will need to spend an average of $1.68M. The current month of inventory of detached dwellings in Markham is around 1.09. While sales are still robust, more new listings are coming to the market. The new listings are up 80% from previous months, easing upward price pressure in the following 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.