As we look at the first stats coming in for 2024 we see a mixed bag across the region. A low sales total in general for the region seems to have skewed stats.
The mixed bags of stats continued into our featured communities with Midland seeing a huge 38% increase in sales prices (12 Sales) whilst Tiny saw a 34% decrease in sales prices (6 Sales). Across our communities and the region at large, we did see a big rise of 27% in active listings compared to 2023 whilst it’s actually a rise of 430% compared to 2022. This signals that the much anticipated Spring Market is on the horizon and perhaps is a reflection of the unseasonably warm weather we have not scaring off winter sellers.
Entering 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 February 13th, 2024, data gathered by the Ontario Collective based on January 2023 vs January 2024.
