As we said goodbye to 2020, we welcomed 2021 with massive spikes in home prices across our region. To begin the year we saw a huge 98% increase in sale prices across our communities compared to 2019. In Penetanguishene alone, we saw over 168% increase in sales prices.
As restrictions and lockdowns increased across Midland, Penetanguishene, Tiny and Tay, we saw the trend of low inventory continue. Active listings are down over 85% compared to 2019. With low competition, now is the time to take advantage of the market and achieve maximum price for your property.
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 February 4, 2021, data gathered by the Ontario Collective based on January 2020 vs January 2021.