Monthly Market Update: August 2021

Faris Team CEO and Broker, Mark Faris, says that home sales were down this August compared to last, but this time last summer the market surged after restrictions began to lift. Average home prices are up once again, which indicates that any homes on the market are still in hot demand.

Find out how the market performed in Barrie

3 Market Trends in August 2021:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Barrie.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $840k, up 27.5%.

3. Average days on market

• The average days to sell is down from 32 days in August 2020, to just 23 days.

Find out how the market performed in Midland

3 Market Trends in August 2021:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Midland.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $753k, up 33.3%.

3. Average days on market

• The average days to sell is down from 40 days in August 2020, to just 26 days.

Find out how the market performed in Collingwood

Market Trends in August 2021:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Collingwood.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $900k, up 31.6%.

3. Average days on market

• The average days to sell is down from 42 days in August 2020, to just 30 days.

Find out how the market performed in Orillia

3 Market Trends in August 2021:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Orillia.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $799k, up 21.6%.

3. Average days on market

• The average days to sell is down from 46 days in August 2020, to just 23 days.

Find out how the market performed in Newmarket 

3 Market Trends in August 2021:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Newmarket.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1.1M, up 18.3%.

3. Average days on market

• The average days to sell is down from 16 days in August 2020, to just 11 days.

Find out how the market performed in Vaughan 

3 Market Trends in August 2021:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Vaughan.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1.3M, up 20.8%.

3. Average days on market

• The average days to sell is down from 19 days in August 2020, to just 17 days.

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 1.888.918.6570, send us an email or book an appointment.

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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.