nov-8-14
19 Nov

Weekly Market Update November 8-14

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Faris Team CEO and Broker, Mark Faris, says that overall, solds were up a touch this week over last, with the amount of new listings consistent with the week prior. Months of inventory declined again in most areas and, as a result, list-to-sale ratios are high in all areas, exceeding 100%. Midland and surrounding area in particular saw a 6% jump in list-to-sale ratio, with sellers in that market getting more than 103% of their asking price.

Greater Barrie Area

Compared to the week of November 1-7:

  • Average selling price is $672K, up 1%  
  • 5% more new listings than last week
  • 13% more homes sold
  • List-to-sale ratio is steady at 101.3%


Midland & Surrounding Area

Compared to the week of November 1-7:

  • Average selling price is $625K, up 6%  
  • 20% fewer new listings than last week
  • 47% more homes sold
  • List-to-sale ratio is up more than 6% to 103.4%


Orillia & Surrounding Area

Compared to the week of November 1-7:

  • Average selling price is $708K, up 11%  
  • 39% fewer new listings
  • 12% fewer homes sold
  • List-to-sale ratio is up to 100.3%


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 schedule an in-person or Virtual 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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