No Comments

July Market Report For Our Communities

Life has gone back to normal a little over the last month, pair that with the beautiful summer we’re having and we’ve seen a small shift in the market. Compared with last July, the number of sales across our community dropped by 23%. In Midland we did see a rise of 27% of New Listings hitting the market throughout July. Less sales and more listings haven’t slowed the high prices that we’ve been seeing over the last year – across our communities we’ve seen a 35% increase with an average price of $668,438.

Although we started to see restrictions and lockdowns lifted across Midland, Penetanguishene, Tiny and Tay, we saw the trend of low inventory continue. Active listings are down over 37% compared to 2020. With low competition, it’s still a great time to take advantage of the market and achieve maximum price for your property.

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‚Äôs Market.

All data correct as of August 10, 2021, data gathered by the Ontario Collective based on July 2020 vs July 2021.

Comments (0)