Faris Team CEO and Broker, Mark Faris, says February 2021 saw historic inventory lows and any available listings flew off the market.
Watch below to see exactly how the market performed in February.
3 Market Trends in February 2021:
1. Lack of active listings can affect sales.
Midland and area had an 80% decrease in inventory which led to 33% fewer sales due to lack of selection.
2. Buyers are active.
Homes sold in just 13-20 days on average across our markets.
3. Demand outweighs supply.
Available properties flew off the market and sales were up 30-43% in Barrie, Orillia and areas.
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