Markham Looks Toward A Bright Future

Here in Markham, Ontario, prices appear to be recovering, as properties are beginning to see an uptick in sales. While there is not any notable new construction taking place, as we move into the spring market there are strong indicators that the both the number of sales as well as the median prices for properties will start to see an increase. The median property price currently sits at $900,500, which is only slightly below what the price was at this time last year. The number of homes sold has seen an increase month-over-month, moving from 151 to 184 properties sold. Inventory also increased during this same timeframe, ticking up from 685 to 759 homes. These homes are spending less time on market. The average number of days on market for a property currently sits at 28 days, down from 37 days last month.