realstats_weekly_may3-9
14 May

Weekly Market Update – May 3-9

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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 Lakelands, and Collingwood, Midland and area.


Greater Barrie Area

Sales have nearly doubled from last week, demonstrating that confidence in the market is stronger than it has been in months. Lots of activity happening in this seller’s market.

Compared to last week (April 26-May 2)

  • Average selling price is $546K, up from $512K 
  • 47% more homes sold
  • 23% more new listings
  • Months of inventory is 4.4, down from 5.9
  • Average days to sell is 35 compared to 33 
  • Average list-to-sale ratio is 98.3%, up from 97.9%

Southern Georgian Bay

It’s still a buyer’s market in these areas, and there’s considerably more inventory to choose from with 45% more listings than we saw last week. Sales have almost doubled, indicating a more active market than we’ve seen in months.

Compared to last week (April 26-May 2)

  • Average selling price is $516K, down slightly from $518K 
  • 40% more homes sold
  • 45% more new listings
  • Months of inventory is 8.5, down from 10.8
  • Average days to sell is 39 compared to 61 
  • Average list-to-sale ratio is 96.1%, down from 98%

Sales are way up in this market, and months of inventory is down noticeably from last week. Especially in Orillia, which is sitting in a seller’s market. Buyer confidence is up which is producing a more active market than we’ve seen in months.

Compared to last week (April 26-May 2)

  • Average selling price is $554K, down from $614K
  • 38% more homes sold
  • Nearly identical number of new listings, 106 compared to 107
  • Months of inventory is 7.9, down from 10 
    • Orillia has only 3.7 months of inventory, making it a seller’s market
  • Average days to sell is 51 down from 62 
  • Average list-to-sale ratio is steady at 96.7%, compared to 96.1%

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 is FREE.


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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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