Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,029,214
MoM −$35,829 −3.4% down $35,829, 3.4% versus July 2024 YoY −2.1% down 2.1% versus August 2023
Source: TRREB MarketWatch, August 2024
3 areas
Peel Region
August 2024
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$945,000
MoM −$14,000 −1.5% down $14,000, 1.5% versus July 2024 YoY −0.5% down 0.5% versus August 2023
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,028,700
MoM −$8,000 −0.8% down $8,000, 0.8% versus July 2024 YoY −5.2% down 5.2% versus August 2023
Sales — Firm transactions reported through the MLS® System during the month.
934
MoM −4 −0.4% down 4, 0.4% versus July 2024 YoY −4.1% down 4.1% versus August 2023
Dollar volume — Total value of all sales in the month.
$961.3M
MoM −$37,725,079 −3.8% down $37,725,079, 3.8% versus July 2024 YoY −6.1% down 6.1% versus August 2023
New listings — Properties newly listed during the month.
2,594
MoM −520 −16.7% down 520, 16.7% versus July 2024 YoY +2.2% up 2.2% versus August 2023
Active listings — Listings available at month end.
4,236
MoM −135 −3.1% down 135, 3.1% versus July 2024 YoY +36.7% up 36.7% versus August 2023
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
27
MoM +3 days +12.5% up 3 days, 12.5% versus July 2024 YoY +35.0% up 35.0% versus August 2023
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
43
MoM +6 days +16.2% up 6 days, 16.2% versus July 2024 YoY +43.3% up 43.3% versus August 2023
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM +2.0 pp +2.1% up 2.0 pp, 2.1% versus July 2024 YoY −1.0% down 1.0% versus August 2023
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
36.0%
MoM +5.9 pp +19.5% up 5.9 pp, 19.5% versus July 2024 YoY −6.2% down 6.2% versus August 2023
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
4.5
MoM −0 −2.7% down 0, 2.7% versus July 2024 YoY +42.6% up 42.6% versus August 2023
Trend
13 months to August 2024
Average price
| Month | Average price |
|---|---|
| Aug '23 | 1050925 |
| Sep '23 | 1049968 |
| Oct '23 | 1080216 |
| Nov '23 | 1031654 |
| Dec '23 | 1020187 |
| Jan '24 | 1024926 |
| Feb '24 | 1037245 |
| Mar '24 | 1062171 |
| Apr '24 | 1106046 |
| May '24 | 1071480 |
| Jun '24 | 1077628 |
| Jul '24 | 1065043 |
| Aug '24 | 1029214 |
Sales
| Month | Sales |
|---|---|
| Aug '23 | 974 |
| Sep '23 | 808 |
| Oct '23 | 807 |
| Nov '23 | 728 |
| Dec '23 | 619 |
| Jan '24 | 829 |
| Feb '24 | 995 |
| Mar '24 | 1161 |
| Apr '24 | 1221 |
| May '24 | 1197 |
| Jun '24 | 1120 |
| Jul '24 | 938 |
| Aug '24 | 934 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 934 | −4 −0.4% down 4, 0.4% versus July 2024 | $1,029,214 | −$35,829 −3.4% down $35,829, 3.4% versus July 2024 | $945,000 | 36.0% | 4.5 |
| Detached | 411 | −9 −2.1% down 9, 2.1% versus July 2024 | $1,331,523 | −$66,392 −4.7% down $66,392, 4.7% versus July 2024 | $1,210,000 | 33.4% | 5.0 |
| Semi-detached | 164 | +20 +13.9% up 20, 13.9% versus July 2024 | $942,939 | −$17,116 −1.8% down $17,116, 1.8% versus July 2024 | $942,500 | 51.7% | 2.3 |
| Att/row/townhouse | 90 | +10 +12.5% up 10, 12.5% versus July 2024 | $898,584 | −$9,648 −1.1% down $9,648, 1.1% versus July 2024 | $910,000 | 37.7% | 3.8 |
| Condo townhouse | 114 | −3 −2.6% down 3, 2.6% versus July 2024 | $742,998 | −$34,520 −4.4% down $34,520, 4.4% versus July 2024 | $727,500 | 35.0% | 4.7 |
| Condo apartment | 152 | −23 −13.1% down 23, 13.1% versus July 2024 | $600,797 | −$14,661 −2.4% down $14,661, 2.4% versus July 2024 | $555,000 | 32.8% | 5.8 |
| Link | 3 | +2 +200.0% up 2, 200.0% versus July 2024 | $830,700 | −$319,300 −27.8% down $319,300, 27.8% versus July 2024 | $832,100 | 33.3% | 3.7 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 358.9 | $1,028,700 | −5.2% down 5.2% |
| Single-family detached | 366.6 | $1,325,700 | −4.4% down 4.4% |
| Single-family attached | 367.8 | $957,700 | −4.9% down 4.9% |
| Townhouse | 375.8 | $789,600 | −5.6% down 5.6% |
| Apartment | 366.6 | $594,600 | −3.8% down 3.8% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Mississauga +0.2% up 0.2%
- Brampton −2.5% down 2.5%
- Caledon −20.1% down 20.1%
Bottom 5
- Caledon −20.1% down 20.1%
- Brampton −2.5% down 2.5%
- Mississauga +0.2% up 0.2%
Sales, month-over-month
Top 5
- Brampton +5.1% up 5.1%
- Mississauga −2.7% down 2.7%
- Caledon −15.9% down 15.9%
Bottom 5
- Caledon −15.9% down 15.9%
- Mississauga −2.7% down 2.7%
- Brampton +5.1% up 5.1%
Peel Region
Caledon
Caledon, Peel Region
$1,221,819
−$308,036 −20.1% down $308,036, 20.1% versus July 2024
- Sales
- 58
- SP/LP
- 96%
- DOM
- 29
- SNLR
- 32.8%
Mississauga
Mississauga, Peel Region
$1,044,543
+$1,675 +0.2% up $1,675, 0.2% versus July 2024
- Sales
- 466
- SP/LP
- 97%
- DOM
- 29
- SNLR
- 39.9%
Brampton
Brampton, Peel Region
$984,544
−$25,500 −2.5% down $25,500, 2.5% versus July 2024
- Sales
- 410
- SP/LP
- 99%
- DOM
- 24
- SNLR
- 32.9%
All Peel Region areas
3 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Caledon Caledon, Peel Region | 58 | −11 −15.9% down 11, 15.9% versus July 2024 | $70.9M | $1,221,819 | −$308,036 −20.1% down $308,036, 20.1% versus July 2024 | $1,107,500 | 177 | 398 | 96% | 29 | 51 | 32.8% | 6.9 |
| Mississauga Mississauga, Peel Region | 466 | −13 −2.7% down 13, 2.7% versus July 2024 | $486.8M | $1,044,543 | +$1,675 +0.2% up $1,675, 0.2% versus July 2024 | $935,000 | 1,169 | 2,015 | 97% | 29 | 43 | 39.9% | 4.3 |
| Brampton Brampton, Peel Region | 410 | +20 +5.1% up 20, 5.1% versus July 2024 | $403.7M | $984,544 | −$25,500 −2.5% down $25,500, 2.5% versus July 2024 | $940,000 | 1,248 | 1,823 | 99% | 24 | 42 | 32.9% | 4.5 |