Greater Toronto Real Estate Market Q4 2024 Highlights
South Mississauga Real Estate ended Q4 2024 with steady growth in property values and sales, according to a market update from LuxuryHomes Affiliate, The Papousek Team, with RE/MAX Realty Enterprises Inc., Brokerage.
“South Mississauga’s real estate market in December experienced a noticeable increase in sale prices compared to the previous month, while the number of available listings declined significantly, reflecting tighter market conditions. Overall, the year-to-date trends indicate steady growth in both property values and sales, accompanied by a rise in listing activity over the previous year.” Said the report.
The average year-to-date sale price in Mississauga was $1.7M for December 2024. A 3% increase compared to December 2023. The average month-over-month sale price increased 12% to $1.65M for December 2024, compared to November 2024.
December 2024 saw 308 active listings. A 26% increase compared to Q4 2023, however active listings were down 38% month-over-month to 253 from November 2024 to December 2024.
Sales increased by 5% on average from December 2023 to December 2024 to 915. Month-over-month sales decreased from November to December by 27% to 46.
The town of Oakville experienced stable real estate market trends as it entered its seasonal slow-down.
“Oakville’s real estate market reflected a blend of long-term stability and short-term adjustments. While home prices continued to show resilience on an annual basis, there was a noticeable cooling in both market activity and inventory compared to the previous month, signalling a seasonal shift in buyer and seller dynamics.”
The average sale price in Oakville for December 2024 was $1.84M. A 3% average increase compared to December 2023. The month-over-month average sale price decreased 9% compared to November 2024 to $1.75M. Active listings also decreased month-over-month to 363. A 44% decrease compared to November 2024.
There were 1883 year-to-date sales in Oakville for December 2024. Only a 1% decrease compared to the average year-to-date sales for December 2023. Sales decreased 40% month-over-month from November to December 2024 to 106.
Sources:
The Papousek Team – PPreteam.com