TREB reports Number of listings is up, time on market is up and numer of sales down

The chart above shows that our market is still soft compared to his time last year.

The number of listings is up, the number of sales is down and the time on the market is 50% longer compared to the same time last year.

This is my 21st year in real estate and I've seen this type of market before in the early 1990's I don't feel that we will sink nearly as low as prices fell in the early 90's as the economics are quite different now compared to then.

With that said, we are still in for a rocky few quarters before we come out of this financial crisis.

I wish you all the best!

Mark

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com