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Mississauga Real Estate Market Rebound Continues in September

The average sale price achieved in September was just the second time in history where prices exceeded $400,000… the first being just last June. It is no surprise that prices increased in September from August, as it has for at least the 13 years since we’ve started to track the numbers. The average price for September was a whopping $406,877.

“We have experienced an increasing rate of existing home price growth in the GTA as sales have continued to outpace 2008 results,” said TREB President Tom Lebour. “Consumers have remained confident in ownership housing as a long-term investment.” Year-to-date sales, at 66,437 were up 4.5 per cent compared to the first nine months of 2008.”

“Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in line with some of the best years on record under the current TREB market area,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis.

AVG Monthly PricesJanuary 2009 to September 2009

Keller Williams Real Estate Associates.
BUS 905-812-8123
FAX 905-812-8155 DIRECT 905-785-7282
E-MAIL : mailto:gail@gailsellshouses.com?subject=Mississauga
Website : www.gailsellshouses.com

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