The price trend analysis for Mississauga indicates a relatively steady market with modest fluctuations over the past 12 months. The latest average sold price in January 2025 stands at approximately $1,047,025, closely mirroring figures from the previous January and aligning with a one-year price change of 1.64% as indicated by the HPI data. While the long-term growth is robust—with five-year and ten-year increases of 35.4% and 103.1% respectively—the shorter-term volatility (e.g., a three-month change of 0.81% and a six-month decline of -1.73%) suggests that pricing adjustments respond to both seasonal and market-specific factors. This balanced price movement reinforces a market that, while competitive, shows signs of cautious pricing adjustments reflective of broader economic influences.

Market supply and demand insights reveal that inventory dynamics have shifted, impacting buyer-seller interactions. With January 2025 recording 346 sales against 1,090 new listings and 1,534 active listings, the market exhibits an ample supply that currently translates into a moderate months-of-inventory of 4.43 and an average of 41 days on market. In previous months, lower DOM and MOI figures pointed to faster transactions in a more competitive market; however, the current uptick suggests that properties are taking longer to sell, possibly indicative of a slight cooling. Looking ahead, if the balance between new listings and actual sales remains tilted towards higher inventory, agents should advise sellers to price strategically and manage client expectations, while buyers might find more leverage in negotiations as the market adjusts to current supply and demand signals.

Read the full article on: Toronto Regional Real Estate Board