Monthly Market Update January 2022

“As the market worked its way through January, there were signs of new listings beginning to come to market.  Most areas showed similar or slightly decreased new listings to market which led to decreased active listings but drove the average sale price up along with list/sale ratios. Inventory levels continue to be the driving force behind climbing pricing however as the market enters February and March, there should be slight relief with more homes entering the market.”

- Jeff Barr, Broker of Record

Find out how the market performed in Barrie:

3 Market Trends in January 2022:

1. Home sales are down

• Despite a small increase in inventory, there’s been a 9.5% decrease in home sales in Barrie.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1M, up 37.3%.

3. Average days on market

• The average days to sell is down from 30 days in January 2021, to just 14 days.

Find out how the market performed in Midland:

3 Market Trends in January 2022:

1. Home sales are climbing

• With more inventory on the market, there’s been a 15.9% increase in home sales in Midland.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $864k, up 17.9%.

3. Average days on market

• The average days to sell is up from 29 days in January 2021, to just 49 days.

Find out how the market performed in Collingwood:

3 Market Trends in January 2022:

1. Home sales are climbing

• With more inventory coming available on the market, Collingwood saw an increase in home sales.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1.1M, up 35.8%

3. Average days on market

• The average days to sell is down from 40 days in January 2021, to 38 days.

Find out how the market performed in Orillia:

3 Market Trends in January 2022:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Orillia.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $946K, up 34.8%

3. Average days on market

• The average days to sell is down from 30 days in January 2021, to just 23 days.

Find out how the market performed in Newmarket 

3 Market Trends in January 2022:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Newmarket.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1.3M, up 27.8%.

3. Average days on market

• The average days to sell is down from 11 days in January 2021, to just 7 days.

Find out how the market performed in Vaughan:

3 Market Trends in January 2022:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Vaughan.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1.5M, up 26.4%.

3. Average days on market

The average days to sell is down from 26 days in January 2021, to just 15 days.

Want to know what this means for you as you consider buying or selling a home? We’re here to make your experience stress-free.

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While the information contained in this site has been presented with all due care, Faris Team assumes no responsibility or liability for any errors or omissions.