The real estate market in Markham during the month of January can be summarized quite simply...prices were way up! The average house price last month was $656,060 which is up 9.4% over January of last year when the average house sold for $599,582. A great start to 2014!
Rising prices have been a direct result of very low inventory in the market. Total active MLS listings remained incredibly low as compared to December and far below the total available homes seen last year at this time. The ratio of sales to active listings was quite healthy at 47.1%. By contrast, that