Weekly Market Update March 1-7

Faris Team CEO and Broker, Mark Faris, says that the first week of March is reporting growth across all markets, which is especially apparent when you compare stats to two weeks ago.

Buyers are loving the steady stream of new inventory arriving, and there’s no signs of a slow-down. Sales are up again and list-to-sale ratios continue to average well over 100%.

Barrie & Area

Compared to the week of February 15-21:

• Average selling price:⬆︎1%

• New listings: ⬆︎19%

• Homes sold:⬆︎ 30%

• List-to-sale ratio: ⬇︎0.004%

Midland & Surrounding Area

Compared to the week of February 15-21:

• Average selling price: ⬇︎9% 

• New listings: ⬆︎60%

• Homes sold: ⬆︎14%

• List-to-sale ratio: ⬆︎2%

Orillia & Surrounding Area

Compared to the week of February 15-21:

• Average selling: ⬆︎10%

• New listings: ⬇︎1% 

• Homes sold: ⬆︎10%

• List-to-sale ratio: ⬆︎0.003%

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.