Average home price drops below $900K in Mississauga

Mississauga's housing market cooled in July with average home prices dropping 11.4% to $899,002 and sales declining 11.8% to 500 transactions. Detached homes saw the largest price drop of 15.2%, while semi-detached sales fell 19.8% with longer market times. Freehold townhouses were the only segment with price and sales increases. Condo prices also declined. Despite lower inventory, homes sold in 47 days on average.