Blog

August statistics reflect a market that is balancing itself after a period of heightened activity. With active listings growing and inventory levels rising, buyers are benefiting from more choices, while sellers are still experiencing stable demand. This equilibrium is helping to create favourable conditions for both sides of the market.

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index.php/whats-my-property-worth/

Stats are correct as of September 25th. Based on August 2023 v August 2024

Across the region, we’ve seen up and downs in all the major categories this month. Increases included; Active Listings and Average Price, whilst decreases included Sales Activity and New Listings. This follows the trend that we saw during the pandemic that prices will rise as interest rates drop. With prices up, this is great news for sellers whilst this month brings great news for Buyers too with Active Listings seeing a bump.

In our communities we saw an decrease across the board in Sales Activity with the largest decrease being in Penetanguishene with 54%. Also across the board in our communities we saw an increase in Active Listings with the largest increase coming in Penetanguishene at 77%, we did see very small decreases in Tay and Springwater of -3% and -1%. We also saw a rise in Average Price in the majority of local communities with the biggest being in Springwater with 29%. August showed us a strong market for both Buyers and Sellers and we anticipate a busy beginning to the Fall Market.

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 September 23rd, 2024, data gathered by the Ontario Collective based on August 2023 vs August 2024.