This time last year, the market was getting used to all the covid restrictions and was repsonding well, but a year on – the market is hotter than ever! Year over year, we saw large spikes in home prices across our region. Compared to last May, we saw a huge 51% increase in sale prices across our communities. In Tiny alone, we saw an 84% increase in sales prices.
As we still experienced restrictions and lockdowns across Midland, Penetanguishene, Tiny and Tay, we saw the trend of low inventory continue. Active listings are down over 50% compared to 2020. 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 June 5, 2021, data gathered by the Ontario Collective based on May 2020 vs May 2021.