realstats-may-24-30
04 Jun

Weekly Market Update – May 24-30

It's only fair to share...Share on FacebookTweet about this on TwitterPin on PinterestEmail this to someoneShare on Reddit

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

We’re back! Sales in this area are performing at pre-pandemic levels and point toward continued growth. It’s an even stronger seller’s market with just 2.6 months of inventory, down from 3.3 last week. While sales are up, there are fewer new listings to choose from, and low inventory is what should drive buyers to move quickly when they find the right property.

Compared to last week (May 17-23):

  • Average selling price is up 12% to $635K
  • 36% more homes sold
  • 12% more new listings
  • Months of inventory is 2.6, down from 3.3
  • Average days to sell is 37, up from 33
  • Average list-to-sale ratio is 97.2% slightly down from 97.8%

Southern Georgian Bay

Home sales are way up this week and months of inventory has dropped below 5, putting sellers in the driver’s seat. Although buyer activity is picking up, new listings remain steady which gives sellers a competitive advantage. Slower to demonstrate growth in weeks past, this market is officially on the upswing and buyers should take note.

Compared to last week (May 17-23):

  • Average selling price is $540K, down from $584K
  • 32% more homes sold
  • New listings are steady at 960 (same as last week)
  • Months of inventory is 4.9, down from 6.2
  • Average days to sell is 54 compared to 55
  • Average list-to-sale ratio is 97.8%, up from 95.8%

Orillia & Surrounding Area

Sales in this area are back to pre-pandemic levels and increased 37% this week over last! We’re seeing properties at a higher price point move quickly in this market which drove the average sale price up 21% this week. There’s a healthy increase in new listings for buyers to choose from, but this is still a seller’s market at just 3.3 months of inventory.

Compared to last week (May 17-23):

  • Average selling price is up 21% to $623K
  • 37% more homes sold
  • 26% increase in new listings
  • Months of inventory is 3.3, down from 4.4
  • Average days to sell is 36, down from 41
  • Average list-to-sale ratio is steady at 95.4%, compared to 95.2%

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.

It's only fair to share...Share on FacebookTweet about this on TwitterPin on PinterestEmail this to someoneShare on Reddit