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November 2021 Market Report For Our Communities

Christmas is just around the corner and as we look back on 2021, we’ve seen another strong seller’s market. Focussing on November, across the region we saw 214 sales logged which was down 3.6% on this time last year and down 17% compared to 2019. After seeing a slight rise in October, active listings are down 22% compared to 2020. Inventory is still incredibly low – down more than 76% compared to pre pandemic numbers. This has continued the 2021 theme of low inventory. With less options on the market, we continue to see house prices rise as the new average house price sits at $798,340 – up around 17%. As we move towards the new year, buyers will become even more motivated so expect to see prices continue to rise. 

Across our communities, we saw these trends continue. Midland’s average price rose 32% compared to last year whilst Tiny’s average price edged towards the $900k mark at $846k. 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’s Market.

All data correct as of December 15, 2021, data gathered by the Ontario Collective based on November 2020 vs November 2021.

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