Weekly Market Update for April 19 – 25
Here is Mark Faris, Faris Team CEO and Broker, giving you the Weekly Market Update for Barrie and the surrounding area, Orillia and Lakelands, and Collingwood, Midland and area.
Barrie & Surrounding Area
The market, like the weather, is warming up, which is reflected in the number of new listings and active homes. There’s been an increase in average days-on-market but the average list-to-sale ratio is also trending up and currently sitting at 97.5%. Months of inventory is at 6.1, up from 4.9% last week. Barrie and Essa are still experiencing a seller’s market whereas Springwater, Oro-Medonte and Innisfil are in a buyer’s market.
Orillia & Lakelands Area
Orillia and Lakelands is sitting in an even market but it is good to note that there’s more activity in the centre of town than in the rural surrounding areas. Overall, numbers are trending up including the number of new and active listings, the number of sales as well as the average sale price. The list-to-sale ratio is steady at 95.4% and months of inventory is up slightly to 10.
Collingwood, Midland & Area
Midland, Penetanguishene and Wasaga Beach are sitting in a fairly even market, whereas Collingwood and surrounding areas have properties taking longer to sell, which is driving the months of inventory up to 11 for this area. However, in-town there is more activity and overall stats are trending up, including the number of new and active listings as well as the list-to-sale ratio which is strong at 96.8%.