New Year, new stats! January saw a big dip in sales activity which skewed a lot of statistics this month. We saw a 23% decrease in sales activity compared to 2022 with just over 100 properties sold across our region. Staying in line with the last 6 months of 2022, active listings continued to surge, across our communities we saw 305% rise in active listings. There’s lots of opportunities for Buyers right now as we’re seeing so many new listings and at the same time, property sales slowed down last month.
In our local communities, we saw sale price decreases in Midland, Penetang and Tay but a large increase in Tiny. However, it’s important to note that there were limited sales to base this information off – Sales Activity was down almost 23% across the region with only 29 sales in our communities. As we head deeper into the new year and look to the spring market, we expect a re-balancing of the market to continue with more opportunities for buyers but also attractive sales prices for sellers.
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All data correct as of February 2nd, 2023, data gathered by the Ontario Collective based on January 2022 vs January 2023.