Across the region, we saw dips in some important categories. Decreases included; Active Listings and Average Price. Active Listings were down across the communities as the market started to wind down in anticipation of the Holiday Season. However, buyers that are looking at this time of year are always motivated and we saw a nice 14% rise in sales across the region and also a smaller Days On Market.
A combination of the Holiday Season along with the anticipation of another rate change saw the local markets slow down. Locally, we saw decreases across the board in Average Prices except for in Tiny, where we saw a massive 76% rise in Prices. In most communities we also saw Sales Activity was up and Days On Market were down – a great sign that the Buyer’s whom are shopping right now are highly motivated and active. With interest rates continuing to drop, we are expecting to continue to see a rise in prices across the region. It’s a great time to check in with your trusted For Sale On Georgian Bay agent to learn what your property is worth or even how much equity you’ve built.
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 January 17th, 2024, data gathered by the Ontario Collective based on December 2023 vs December 2024.