During September, we saw Fall officially begin but what did that mean for the market? Across the region we saw 154 sales logged which was down 21% on this time last year. This is no surprise since Active Listings are down around 20% continuing 2021 theme of low inventory. With less options on the market, we continue to see house prices rise as the new average house price sits at $775,386 – up around 26%.
Across our communities, we saw these trends continue. Tay’s average price rose 53% compared to last year whilst Tiny’s average price edged towards the $1m mark at $916k. With low competition, it’s still a great 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 October 8, 2021, data gathered by the Ontario Collective based on September 2020 vs September 2021.