Fall is in full swing and after the news that Interest rates are holding for now, it seems like consumer trust in the market is increasing. Across our region, we’re seeing increases in New Listings, Active Listings and Average Price month after month. We saw a 6% rise in average listing price and a 5% increase in New Listings – Lots of opportunities for buyers and sellers alike.
In our communities, these trends were also reflected. There were increases in Sales Prices across Midland, Penetang and Tay whilst Tiny saw a 16% decrease. We also saw large increases across all of our communities in Active listings including a huge 27% 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 November 10th, 2023, data gathered by the Ontario Collective based on October 2022 vs October 2023.