march-8-15
19 Mar

Weekly Market Update March 8-15

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Faris Team CEO and Broker, Mark Faris, says that March continues to bring a healthy supply of new listings to meet buyer demand. Orillia and area saw 82 homes hit the market, which is more than double what was added mid February.

Sellers can expect their homes to sit an average of just 11-13 days on the market and sell for close to 110% of asking price.

Barrie & Area

Compared to the week of March 1-7:

  • Average selling price:⬇︎3%
  • New listings: ⬆︎30%
  • Homes sold:⬆︎ 25%
  • List-to-sale ratio: ⬇︎0.007%


Midland & Surrounding Area

Compared to the week of March 1-7:

  • Average selling price: ⬇︎3% 
  • New listings: ⬆︎3%
  • Homes sold: ⬆︎36%
  • List-to-sale ratio:⬇︎0.003%


Orillia & Surrounding Area

Compared to the week of March 1-7:

  • Average selling:⬇︎6%
  • New listings:⬆︎28% 
  • Homes sold: ⬆︎23%
  • List-to-sale ratio:⬇︎0.037%


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 1-888-444-9533, 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.

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