A look back at December 2020 compared to December 2019 and why it’s a great time to list your Property for Sale.
The whole world was happy to see the end of 2020 but we’re not quite done with it yet as we look back on the final month of that last year to have an idea of how the 2021 market could begin.
As we transitioned into the festive period, we saw a big spike in sales prices through December. To round out the year, we saw a massive 34% increase in sales prices across our communities. In Tay Township alone, we saw over 64% increase in sales prices. Even as restrictions and lockdowns increased across Midland, Penetanguishene, Tiny and Tay, we continued to see a very impressive rebound from Covid-19.
The number of sales across our communities saw an increase year over year at 19%. With less homes on the market to start with, this spike in sales leaves us with a big lack of inventory across the region. If you’re looking to sell your home this winter, this is great news for you! Prices are up, interest rates are down and your home faces less competition on the market whilst there is a host of motivated buyers looking to complete their home search!
Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.
All data correct as of January 8, 2020, data gathered by the Ontario Collective based on December 2019 vs December 2020.