market-update-17-23-blog
28 May

Weekly Market Update – May 17-23

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Here is Mark Faris, Faris Team CEO and Broker, with the latest market performance stats for Barrie and the surrounding area, Orillia and surrounding area, and Collingwood, Midland and area.


Greater Barrie Area

New listings continue to rise and months of inventory is down, indicating strong activity for another week in this market. More and more buyers are phoning in to schedule showings. One personal investment property received 24 showings in one week alone last week! If you’re looking to buy the time is now, and sellers can feel confident that selling prices remain solid.

Compared to last week (May 10-16):

  • Average selling price is steady at $559K
  • 10% fewer homes sold
  • 2% more new listings
  • Months of inventory is 3.3, down from 3.6
  • Average days to sell is 33, down from 35
  • Average list-to-sale ratio is 97.8% slightly down from 98.5%

Southern Georgian Bay

Compared to pre-pandemic stats, overall inventory in this market is down about 35% (which means less competition for sellers) and average selling price is on the rise (up 13% from just two weeks ago!). With 6.2 months of inventory this is still a buyer’s market, but we’re seeing that number gradually fall each week. Despite this market’s slower performance compared to Barrie or Orillia, there is a notable increase in activity again this week, which is positive news for buyers and sellers.

Compared to last week (May 10-16):

  • Average selling price is $584K, up from $580K ($516 just two weeks ago!)
  • 19% more homes sold
  • 25% more new listings
  • Months of inventory is 6.2, down from 7.4
  • Average days to sell is 55 compared to 56
  • Average list-to-sale ratio is 95.8%, down from 96.9%

To serve you better, this week we’re focusing on Orillia and surrounding area, which includes Oro-Medonte, Severn and Ramara, and leaves out Huntsville. This market continues to show strong activity from the pent up demand of the past few months. Buyers are active, home prices are strong and inventory is moving quickly.

Compared to last week (May 10-16):

  • Average selling price is $492K, up from $485K
  • 12% more homes sold
  • 9% increase in new listings
  • Months of inventory is 4.4, down from 5.2
  • Average days to sell is 41, up from 27 
  • Average list-to-sale ratio is steady at 95.2%, 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 a Virtual Appointment.

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


 online real estate services, virtual real estate, covid-19

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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