The real estate market in Brampton for all property types has shown a slight decrease in average sale price from the previous month, with the average price dropping to $1,009,802 in June from $1,002,608 in May. However, when compared to the same month last year, there has been a significant decrease in average sale price, with a drop of 8.42% from $1,102,582 in June 2023. The number of properties sold has also decreased slightly from 517 in April to 489 in June, indicating a slight decrease in sales volume. The average days on market has remained relatively stable at 21 days in June, showing a consistent trend in the time it takes for properties to sell.
The sales price to list price ratio has remained at 100% for the past few months, indicating a balanced market where properties are selling for their asking price. The benchmark price for all property types in Brampton has also decreased slightly to $1,009,300 in June, reflecting a decrease in overall property values. The months of inventory have increased slightly to 3.53 months in June, indicating a slight increase in supply compared to demand. Overall, the data suggests a balanced market in Brampton for all property types, with stable average sale prices, consistent days on market, and a balanced sales price to list price ratio.
Read the full article on: Toronto Regional Real Estate Board
