March was another strong month in the local market and those numbers continued into April, however when compared to the market this time last year we do see some small declines. Despite this, across the region we see that active listings are up 34% and the median price is just 1% down from last year. Good news for buyers and sellers alike!
In Midland, Penetang and Tiny we saw Average Price increases with a huge incease of 27% in Penetang! We saw large increases across the board for active listings in our community, even seeing a 53% increase in Penetanguishene. As we dive deeper into the Spring Market, we are seeing lots of optimism with plenty of active listings available to buyers whilst interest rates being held signals good news for sellers hoping to maintain healthy sale prices.
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 1st, 2024, data gathered by the Ontario Collective based on April 2023 vs April 2024.
