September’s statistics reveal a market that is maintaining its upward momentum. The combination of rising prices, increased inventory, and consistent sales activity is creating a healthier market dynamic where both buyers and sellers can thrive. As we head further into the fall season, we anticipate this balanced trend to continue.
Across the region, major gains in all the important categories this month. Increases included; Active Listings, Sales Activity and Average Price. 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 large increases for Average Price and Active Listings in both Midland and Penetang whilst more modest increases appeared in Springwater. Penetanguishene saw a 112% increase in Active Listings. Midland showed a 17% increase and Penetanguishene a 21% in Average Prices. September showed us a strong market for both Buyers and Sellers and we experience a busy beginning to the Fall Market.