We’ve celebrated Labour Day and the Kids are heading back to school, but what has the end of summer market looked like? Across the region we saw 169 sales logged which was down 17% on this time last year. This is no surprise since Active Listings are down around 30% 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 $802,198
Across our communities, we saw these trends continue. Midland’s average price rose 49% compared to last year whilst Tiny’s average price broke the $1m mark. 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 September 7, 2021, data gathered by the Ontario Collective based on August 2020 vs August 2021.