As we look forward into 2024, we look back into December to see how the Market ended the year in our communities. Across the region average prices were marginally down however in our local communities we saw large increases.
There was a large 23% decrease in Sales Prices throughout Tiny Township, however with only 9 Sales recorded, it’s easy for the numbers to get skewed. However, throughout Midland, Penetang and Tay Township we saw increases, most notably in Midland with a 22.5% increase. There are lots of opportunities for buyers heading into the new year with an 23% increase in active listings across the region. Sellers are still in a strong position to seeing price increases along with motivated winter buyers.
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 16th, 2024, data gathered by the Ontario Collective based on December 2022 vs December 2023.
