Across the region we see that active listings are up 34% and the median price is up 2% from last year. New Listings are also up 7% and the list to sale ratio is sitting at a very strong 97%. Good news for buyers and sellers alike!
In Springwater and Penetang we saw Average Price increases with a large incease of 18% in Springwater! We saw large increases across the board for active listings in our community, even seeing a 55% increase in Midland. As we move through the Summer Market, we did see a slow down in sales activity. This was expected as many buyers were eagerly awaiting the first rate reduction in 4 years. With plenty of inventory and now more purchasing power for buyers, we expect to see a busy end to the Summer Market.
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 July 17th, 2024, data gathered by the Ontario Collective based on June 2023 vs June 2024.
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