Markham Home Prices Decline in Oct 2024

Markham Home Prices Decline in Oct 2024

Markham Home Prices Decline in Oct 2024

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Markham Home Prices Decline in Oct 2024!

Freehold Attached Market

The freehold attached houses' average price, including townhouses and semi-detached houses, was down 1.0% from the previous month, down 5.4% from the same month previous year. The average time to sell this type of home is around 25.9 Days. The current month of inventory of Attached houses in Markham is about 2.7. Therefore, this segment of housing is currently in a Balanced Market.

Freehold Detached Market

The average price of detached houses was down 4.2% from the previous month, down 4.8% from the same month last year. Approximately 61.8% 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 $1.6M. The current month of inventory of detached dwellings in Markham is around 3.59. The new listings were down 14.2% from the previous month, and up 21.4% from the same month last year.

Condo Market

The condo market is a Strong Buyer's Market. It takes an average of 35 days to sell a condo unit in Markham. The average price was unchanged v.s. last month, down 3.9% from the same month previous year. The new listings were down 10.6% from the previous month, and up 17.2% 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.