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16 Oct

Monthly Market Update September 2020 vs. 2019

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Faris Team CEO and Broker, Mark Faris, says not only is inventory of active listings considerably lower than September 2019, but is at an all-time low for 2020.  


Barrie & Surrounding Area

The biggest take away from looking at this September’s performance compared to last is that there are 60% fewer active listings on the market, making the month a September to remember. With so few homes to choose from, sellers are firmly in the driver’s seat which puts home sales and prices on the rise. If you’re in the market to list, you can look forward to an average of only 23 days to sell your home, and can expect to get your full asking price. If you’d prefer to sell in the spring, take advantage of pre-listing your home; our team can take exterior photos and videos before the snow flies so your listing has a variety of visual assets when it’s ready to hit the open market.

Compared to September 2019:

  • Home prices are up 22% from last year
  • Average selling price is $657K, compared to $539K 
  • 46% more homes sold
  • 60% fewer active listings
  • Months of inventory is 1.0 compared to 4.0
  • Average days to sell is down significantly to 23, compared to 43
  • Average list-to-sale ratio is 100% compared to 97.8%


Collingwood, Midland & Surrounding Area

Home prices are up 26% on average in Midland, Collingwood and surrounding areas. This increase can be attributed to a hot market, but also higher-priced homes selling quickly thanks to GTA buyers with a healthy budget to buy. With 66% fewer homes to choose from compared to last September, sellers are getting full asking price and selling within 30 days. If you’re thinking of selling after the snow flies, consider pre-listing with our team; we can take your property’s exterior shots so when spring hits your listing has a variety of visual assets to showcase to buyers.

Compared to September 2019:

  • Average sale price is up 26%
  • Average selling price is $559K, up from $443K 
  • 35% more homes sold
  • 66% fewer active listings
  • Months of inventory is 2.0 compared to 6.0
  • Average days to sell is 30, compared to 38
  • Average list-to-sale ratio is 100%, up from 97.6%

Orillia & Surrounding Area

There’s been a drastic drop in inventory when we look at this September compared to last: 65% fewer homes on the market for buyers to choose from! Average sale price for a home in Orillia and surrounding areas has also jumped considerably to $705K. With less listings to choose from, it’s taking less than 30 days for homes to sell, and sellers are getting near full list price on average. If you’re in the market to sell, there’s never been a better time. If you’re looking to wait until spring, consider pre-listing your home now so our team can take photos and video of your exterior before the snow hits. It’s advantageous to have a variety of visual assets to showcase your property, especially if winter decides to linger as it often does.

Compared to September 2019:

  • Average sale price is up 41%
  • Average selling price is $705K, compared to $500K
  • 56% more homes sold
  • 65% fewer active listings
  • Months of inventory is 1.0, down from 5.0
  • Average days to sell is down to 30 from 46
  • Average list-to-sale ratio is 99.0% compared to 97.7%


Want to know what this means for you as you consider buying or selling a home? We’re here to help.

Call us today at 1-888-444-9533, send us an email or schedule an in-person or Virtual Appointment.

There’s absolutely NO OBLIGATION. Consultations with our team of experts are FREE.


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While the information contained in this site has been presented with all due care, Faris Team assumes no responsibility or liability for any errors or omissions.

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