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TREB Data Housing Charts for December 2009

The Mississauga and surrounding areas real estate market, ended the year on a high note. As you can see from the charts below, real estate sales started off lower in January 2009 but finished on a strong note in December 2009. In 2009, there were 87,308 MLS transactions which represented a 17 per cent increase over 2008, 5541 sales for December 2009.

“After a slow start to the year, existing home sales rebounded during the second half of 2009,”
said TREB President Tom Lebour. “As consumer confidence improved, many households
moved to take advantage of affordable home ownership opportunities in the GTA. The strong
residential real estate sector was a key contributor to overall economic recovery in Canada.”

In 2009, the price for the average home climbed by 4% to $395,460.

What is concerning, is the low inventory levels we continue to experience.

“Market conditions became very tight in the latter half of 2009. Sales climbed strongly relative to the number of homes listed for sale, resulting in robust price growth that more than offset
average price declines in the winter,” said Jason Mercer, TREB’s Senior Manager of Market
Analysis. “A greater supply of listings in 2010 will see home prices grow at a sustainable pace.”

TREB Housing Market Charts December 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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