Across the region, we saw gains in all the important categories this month. Increases included; Active Listings, Sales Activity and Average Price. This follows the trend that we saw during the pandemic that prices will rise as interest rates drop. With prices up, this is great news for sellers whilst this month brings great news for Buyers too with Active Listings seeing a bump.
In our communities we saw a mixed bag for Average Price with 3 decreases and 2 increases. However, Active Listings were up in Midland, Penetang, Tiny & Tay whilst we saw huge increases in sales across the board. A huge 133% increase in Springwater, 79% in Midland and 67% in Penetanguishene. October showed us a strong market for both Buyers and Sellers and we experienced a busy month in the 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 November 26th, 2024, data gathered by the Ontario Collective based on October 2023 vs October 2024.
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