Markham Freehold Market Report - Jan 2021

Markham Freehold Market Report - Jan 2021

Markham Freehold Market Report - Jan 2021

In Jan 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 6% from the previous month, now $1.07M. The average time to sell this type of home is less than a week. This segment of housing is currently in a very hot seller's market.

The average price of detached houses was up 8% against the previous month. Approximately 67% 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 $1.59M. The shortage of supply amid robust demand at the first half of this month pushes the average price of detached up significantly. Some panic purchasers bid up the price much higher than the market standard. Though the detached will continue to be the hottest segment, as more listings are coming up to the market towards the end of this month and affordability for most buyers does not improve much, we will see price will become more rationalized in the coming weeks.

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.