Weekly Market Update December 6-12

Faris Team CEO and Broker, Mark Faris, says that although this time of the year tends to report slower sales and fewer new listings, week over week they remain steady. A balance of new listings and sales at this time of the year is healthy for the market, and all indicators point to a solid start for 2021.

Your weekly market update will return in two weeks, and look forward to our Year In Review coming mid-January.

Barrie & Area

Compared to the week of November 29-December 5:

• Average selling price is $686K, down 5%  

• 5% more new listings than last week

• 1% more homes sold

• List-to-sale ratio is up to 102.1%

Midland & Surrounding Area

Compared to the week of November 29-December 5:

• Average selling price is $566K, up 7%  

• 0.6% more new listings than last week

• 13% more homes sold

• List-to-sale ratio is down slightly to 99.9 %

Orillia & Surrounding Area

Compared to the week of November 29-December 5:

• Average selling price is $781K, up 27%  

• 13% fewer new listings

• 8% fewer homes sold

• List-to-sale ratio is up slightly to 101.4%

Want to know what this means for you as you consider buying or selling a home? We’re here to make your experience stress-free.

Call us today at 1.888.918.6570, send us an email or book an appointment.

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

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.