Brampton’s housing market saw a noticeable slowdown in November, with the average home price dropping more than $20,000 compared to October and sales falling nearly 19 per cent, according to real estate website Zoocasa.
A total of 381 homes were sold last month, with the average price at $914,161, down from $934,245 in October. New listings also dropped by almost 20 per cent, while active listings were down 10.4 per cent, showing slower market activity.
The condo townhouse market took the hardest hit, with sales plummeting 35.7 per cent to just 18 units, and the average price fell to $590,053. Detached homes followed, with sales down 22.3 per cent to 216 units and prices dipping slightly to $1,047,585.
Apartment condos were the most resilient, with sales down just 7.1 per cent and average prices slightly up to $433,346. Semi-detached homes remained relatively stable, selling in just 24 days on average, even as prices fell 2.1 per cent to $799,660.
Zoocasa notes that the Brampton market is entering a slower, more balanced phase, with buyers showing caution across most property types. Peel Region overall also saw a slowdown, with sales down over 23 per cent from October and the average price slipping slightly to $962,247.
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