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September 2022 Market Report For Our Communities

Fall is now in full swing and the market continued to cool off during September, providing many opportunities for Buyers. We saw a large decrease in sales activity where September sales were down 38% compared to 2021. For a few months in a row now, active listings continued to surge, across our communities we saw 151% rise in active listings. There’s lots of opportunities for Buyers right now but don’t forget that seller’s are still getting top dollar for their properties. Year to date, the average sale price is up 11.5% compared to this point last year.

In our local communities, we saw these trends continue, a lot more inventory in Midland with a huge 234% increase and in Penetang with a 109% increase. We also saw large inventory increases in Tiny and Tay throughout September. Whilst house prices still look very attractive to sellers, there are many opportunities for buyers too giving us an interesting market heading into the winter months.

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‚Äôs Market.

All data correct as of October 6th, 2022, data gathered by the Ontario Collective based on September 2021 vs September 2022.

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