Source: TRREB MarketWatch, December 2023

3 areas

Peel Region

December 2023

Headline indicators

All home types

Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.

$1,020,187

MoM −$11,467 −1.1% YoY +3.1%

Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.

$900,000

MoM −$50,000 −5.3% YoY −1.1%

MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.

$1,011,200

MoM −$18,100 −1.8% YoY −1.4%

Sales — Firm transactions reported through the MLS® System during the month.

619

MoM −109 −15.0% YoY +7.1%

Dollar volume — Total value of all sales in the month.

$631.5M

MoM −$119,548,453 −15.9% YoY +10.4%

New listings — Properties newly listed during the month.

782

MoM −1,088 −58.2% YoY −3.2%

Active listings — Listings available at month end.

1,927

MoM −1,074 −35.8% YoY +21.9%

Avg. LDOM — Average days on market for the current listing. Not reported before 2020.

MoM +6 days +23.1% YoY +23.1%

Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.

MoM +7 days +16.7% YoY +22.5%

Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.

97%

MoM no change YoY no change

SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.

79.2%

MoM +40.2 pp +103.3% YoY +10.7%

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.

3.1

MoM −1 −24.5% YoY +13.8%

Trend

13 months to December 2023

Average price

Peel Region average selling price over the 13 months ending December 2023.
Month	Average price
Dec '22	989873
Jan '23	993151
Feb '23	1032286
Mar '23	1053738
Apr '23	1102352
May '23	1142062
Jun '23	1145515
Jul '23	1079553
Aug '23	1050925
Sep '23	1049968
Oct '23	1080216
Nov '23	1031654
Dec '23	1020187

Sales

Peel Region sales over the 13 months ending December 2023.
Month	Sales
Dec '22	578
Jan '23	576
Feb '23	832
Mar '23	1281
Apr '23	1384
May '23	1683
Jun '23	1383
Jul '23	893
Aug '23	974
Sep '23	808
Oct '23	807
Nov '23	728
Dec '23	619

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	619	−109 −15.0% down 109, 15.0% versus November 2023	$1,020,187	−$11,467 −1.1% down $11,467, 1.1% versus November 2023	$900,000	79.2%	3.1
Detached	282	−47 −14.3% down 47, 14.3% versus November 2023	$1,318,813	+$8,981 +0.7% up $8,981, 0.7% versus November 2023	$1,174,750	79.4%	3.0
Semi-detached	100	−11 −9.9% down 11, 9.9% versus November 2023	$920,244	−$68,351 −6.9% down $68,351, 6.9% versus November 2023	$915,000	106.4%	1.7
Att/row/townhouse	60	+3 +5.3% up 3, 5.3% versus November 2023	$840,501	−$51,694 −5.8% down $51,694, 5.8% versus November 2023	$837,000	80.0%	2.4
Condo townhouse	77	−23 −23.0% down 23, 23.0% versus November 2023	$735,289	−$16,736 −2.2% down $16,736, 2.2% versus November 2023	$725,000	81.9%	2.8
Condo apartment	99	−27 −21.4% down 27, 21.4% versus November 2023	$604,132	−$31,123 −4.9% down $31,123, 4.9% versus November 2023	$583,000	60.7%	5.4
Link	1	−2 −66.7% down 2, 66.7% versus November 2023	$710,000	−$90,333 −11.3% down $90,333, 11.3% versus November 2023	$710,000	100.0%	3.0

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	352.6	$1,011,200	−1.4% down 1.4%
Single-family detached	354.2	$1,297,800	−0.2% down 0.2%
Single-family attached	360.8	$944,600	−1.7% down 1.7%
Townhouse	375.1	$789,600	+0.5% up 0.5%
Apartment	362.1	$592,100	−2.7% down 2.7%

Movers within Peel Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Caledon +17.6% up 17.6%
Brampton −1.5% down 1.5%
Mississauga −4.2% down 4.2%

Bottom 5

Mississauga −4.2% down 4.2%
Brampton −1.5% down 1.5%
Caledon +17.6% up 17.6%

Sales, month-over-month

Top 5

Brampton −2.3% down 2.3%
Caledon −20.4% down 20.4%
Mississauga −24.4% down 24.4%

Bottom 5

Mississauga −24.4% down 24.4%
Caledon −20.4% down 20.4%
Brampton −2.3% down 2.3%

Peel Region

Caledon

Caledon, Peel Region

$1,771,733

+$265,590 +17.6% up $265,590, 17.6% versus November 2023

Sales: 39
SP/LP: 95%
DOM: 36
SNLR: 54.2%

Full history →

Brampton

Brampton, Peel Region

$987,085

−$15,397 −1.5% down $15,397, 1.5% versus November 2023

Sales: 295
SP/LP: 97%
DOM: 30
SNLR: 83.8%

Full history →

Mississauga

Mississauga, Peel Region

$951,608

−$41,744 −4.2% down $41,744, 4.2% versus November 2023

Sales: 285
SP/LP: 97%
DOM: 34
SNLR: 79.6%

Full history →

All Peel Region areas

Home type

3 areas

Area	Sales	MoM	$ volume	Average	MoM	Median	New	Active	SP/LP	LDOM	PDOM	SNLR	MOI
Caledon Caledon, Peel Region	39	−10 −20.4% down 10, 20.4% versus November 2023	$69.1M	$1,771,733	+$265,590 +17.6% up $265,590, 17.6% versus November 2023	$1,150,000	72	198	95%	36	58	54.2%	5.1
Brampton Brampton, Peel Region	295	−7 −2.3% down 7, 2.3% versus November 2023	$291.2M	$987,085	−$15,397 −1.5% down $15,397, 1.5% versus November 2023	$920,000	352	765	97%	30	48	83.8%	2.6
Mississauga Mississauga, Peel Region	285	−92 −24.4% down 92, 24.4% versus November 2023	$271.2M	$951,608	−$41,744 −4.2% down $41,744, 4.2% versus November 2023	$885,000	358	964	97%	34	49	79.6%	3.4