Overall home sales continue to decline as we head into the end of the year, as buyers have moved to the sidelines and appear to be bunkering down for the winter. Our market is very well supplied at the moment, with inventories trending about on par with their long-term averages, so there are some attractive deals out there waiting for buyers who decide to step back in.
In our local communities these trends were also reflected. There were decreases in Sales Prices across Midland, Penetang and Tiny whilst Tay saw a 14% increase. We also saw large increases across all of our communities in Active listings including a huge 47% increase in Tiny. There are lots of opportunities for buyers heading into the holiday market. Sellers are still in a strong position to seeing price increases along with motivated winter buyers.
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 11th, 2023, data gathered by the Ontario Collective based on November 2022 vs November 2023.
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