The real estate market in Brampton for all property types saw a slight increase in the average price in December compared to the previous month, reaching $948,170. However, this represents a decrease of 0.14% compared to the same month last year. The number of properties sold decreased from 442 in November to 268 in December, indicating a decrease in sales volume. The average days on market remained consistent at 29 days, suggesting a stable pace of sales. The sales price to list price ratio also remained steady at 99%, indicating a balanced market where sellers are receiving offers close to their asking price.

The benchmark price for all property types in Brampton stood at $980,200 in December, showing a slight increase of 0.22% compared to the previous month. The market continues to show a decrease in benchmark prices over the past three and six months, indicating a cooling trend in the market. The sales-to-new-listings ratio (SNLR) also decreased from 44.07% in November to 53.07% in December, suggesting a slight increase in buyer activity. Overall, the market in Brampton for all property types appears to be balanced, with stable average prices and sales-to-list price ratios, indicating a healthy equilibrium between buyers and sellers.

Read the full article on: Toronto Regional Real Estate Board