A look back at November 2020 compared to October 2020 and why it’s a great time to list your Property for Sale.
We’re counting down the days to Christmas after this long year! The biggest gift this holiday season could very well be the value of your home. As we transition into the colder months, we saw a big spike in sales prices through October. Entering November these numbers across our community held pretty consistent as we saw just a 4.2% decrease in Sales Prices. When we compare that to the same time last year, November 2020 see’s a 23% increase across Midland, Penetanguishene, Tiny and Tay. A continued, very impressive rebound from Covid-19.
The number of sales across our communities saw a decrease month over month and year over year. This is evident in our lack of inventory across the region. If you’re looking to sell your home this winter, this is great news for you! Prices are up, interest rates are down and your home faces less competition on the market whilst there is a host of motivated buyers looking to complete their home search!