Prices are down in Markham.

The Markham real estate market has definitely shown signs of a slow down in recent weeks. Prices are down from a month ago with the average house selling for $612,512 in October as compared to $640,269 in September.  Although year over year, we are still seeing a 7.65% increase from last October’s sales.

The average days on market (average time a home takes to sell) rose a fair bit from 24 days to 29 days currently and has definitely been trending upward for a few months now.

Sold listings vs Active listing are up slight to 30% but we are definitely still in a Buyer’s market.  Well priced homes that show well will be the first to go in this market and they might be the only ones to go.  Don’t make the mistake of just throwing your home on the market without property staging it or making sure is has the right market exposure.  It could cost you thousands!

The graphs below will give you a visual snapshot of Markham’s real estate market so you can see how recent sales have been trending.  If there’s any specific information you would find valuable, feel free to contact Martin anytime.