Markham freehold average housing price declined in Jul 2022

Markham freehold average housing price declined in Jul 2022

Markham freehold average housing price declined in Jul 2022

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Markham freehold average housing price declined in Jul 2022!

Freehold Attached Market

The freehold attached houses' average price, including town, semi, and link houses, was down 2.0% from the previous month, up 2.0% from the same month previous year. The average time to sell this type of home is around 16.2 Days. The current month of inventory of Attached houses in Markham is about 1.5. Therefore, this segment of housing is currently in a Strong Seller's Market.

Freehold Detached Market

The average price of detached houses was down 5.6% from the previous month, unchanged v.s. same month last year. Approximately 52.5% 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 $1.8M. The current month of inventory of detached dwellings in Markham is around 3.19. The new listings were down 34.7% from the previous month, and down 38.1% from the same month last year.

Condo Market

The condo market is a Balanced Market. It takes an average of 19 days to sell a condo unit in Markham. The average price was down 3.6% from the previous month, up 6.6% from the same month last year. The new listings were down 12.2% from the previous month, and down 7.9% 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.