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30 Oct

Weekly Market Update October 18-24

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Faris Team CEO and Broker, Mark Faris, says there was a significant increase in solds in most areas last week, bouncing back from a slower market the week prior. By reporting on market performance weekly, some stats can vary considerably one week to the next, as we see in South Georgian Bay’s average sale price: $827K last week due to multiple $1M and above listings selling firm. This week it has returned to a more stable $507K.

Demand for inventory is not going anywhere, which is evident in all areas’ list-to-sale ratios sitting at over 100%.

Greater Barrie Area

Compared to the week of October 11-17:

  • Average selling price is $680K, up 4%  
  • 8% more new listings than last week
  • 40% more homes sold
  • List-to-sale ratio is up to 101.64%


Midland & Surrounding Area

Compared to the week of October 11-17:

  • Average selling price is $507K, down 61%  *Last week’s average price was reflective of several high-priced listings selling firm 
  • 50% fewer new listings than last week
  • 62% more homes sold
  • List-to-sale ratio is up to 101.71%


Orillia & Surrounding Area

Compared to the week of October 11-17:

  • Average selling price is $630K, down 10%  
  • 43 new listings, which is the same as last week
  • 31% more homes sold
  • List-to-sale ratio is down slightly to 101.57%


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.


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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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