Across the region, we’ve seen increases in all the major categories this month. Increases included; Sales Activity, New Listings, Active Listings and Average Price. This follows the trend that we saw during the pandemic that prices will rise as interest rates drop. With prices up, this is great news for sellers whilst this month brings great news for Buyers too with Active Listings and New Listings both seeing a bump.
In our communities we saw an increase across the board in Average Price with the largest increase being in Tay Township with 30%. Also across the board in our communities we saw an increase in Active Listings with the largest increase coming in Penetanguishene at 53%. We also saw a rise in Sales Activity in the majority of local communities with the biggest being in Tay with 50%. July showed us a strong market for both Buyers and Sellers and we anticipate a busy end to the Summer Market as look towards the Fall.
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 August 14th, 2024, data gathered by the Ontario Collective based on July 2023 vs July 2024.
Comments (0)