Weekly Market Update October 11-17
Faris Team CEO and Broker, Mark Faris, says there was a large decrease in new listings and sales in Barrie and Area, Barrie, Essa, Innisfil, Collingwood and Area, Collingwood/Blue Mountains and New Tecumseth. Most areas saw a modest increase in months of inventory but not significant, and this number should start to creep up as we get closer to the end of the year.
List-to sale-ratio continues to be high in most areas, reinforcing that this fall is still an ideal time to put your property on the market.
Greater Barrie Area
Compared to the week of October 4-10:
- Average selling price is $652K, down 3%
- 27% fewer new listings than last week
- 24% fewer homes sold
- List-to-sale ratio is down slightly to 99.9%
Midland & Surrounding Area
Compared to the week of October 4-10:
- Average selling price is $827K, up 37% *Due to several high-priced listings selling firm
- 4% fewer new listings than last week
- 13% fewer homes sold
- List-to-sale ratio is steady at 100.7%
Orillia & Surrounding Area
Compared to the week of October 4-10:
- Average selling price is $639K, up 9%
- 10% fewer new listings than last week
- 6% fewer homes sold
- List-to-sale ratio is up to 102.3%
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.
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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.