Monthly Market Update: May 2022/2021

May 2022 has brought an uptick in new listings across the board in Ontario compared to this time last year. While sellers are still achieving gains on sale price, the influx of inventory compared to March 2022 and April 2022 is giving buyers more choice and homes are staying on the market longer compared to previous months.

It is more important than ever for sellers to work with a Real Estate Team that will go full out^® for the sale of their home if they are hoping to sell their home faster and for more value.

Find out how the market performed in Barrie and Surrounding Area:

3 Market Trends in May 2022:

1. Home sales are down

• Despite an increase in inventory, home sales are down in Barrie and the surrounding area compared to May 2021.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $936K, up 18.1%.

3. Average days on market

• The average days to sell has slowed down slightly from 14 days in May 2021, to 21 days.

Find out how the market performed in Orillia and Surrounding Area:

3 Market Trends in May 2022:

1. Home sales are down

• Despite more inventory coming available, there’s been a decrease in home sales in Orillia and the surrounding area.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $893K, up 5.3%.

3. Average days on market

• The average days to sell has remained the same compared to May 2021, at 18 days.

Find out how the market performed in Midland and Surrounding Area:

3 Market Trends in May 2022:

1. Home sales are down

• Despite more inventory coming available, there’s been a decrease in home sales in Midland and the surrounding area.

2. Home values are stronger than ever

• Home sale prices have marginally dipped with an average sale price of $763K, down 1.3%.

3. Average days on market

• The average days to sell has slowed down from 16 days in May 2021, to 17 days.

Find out how the market performed in Collingwood and Surrounding Area:

3 Market Trends in May 2022:

1. Home sales are down

• Despite more inventory coming available, there’s been a decrease in home sales in Collingwood and the surrounding area.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $946K up 11.6%.

3. Average days on market

• The average days to sell is down from 18 days in May 2021, to 19 days.

Find out how the market performed in Alliston and Surrounding Area:

3 Market Trends in May 2022:

1. Home sales are down

• Despite more inventory coming available, there’s been a decrease in home sales in Alliston and the surrounding area.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1.0M, up 7.7%.

3. Average days on market

• The average days to sell has increased from 16 days in May 2021, to 18 days.

Find out how the market performed in Huntsville:

3 Market Trends in May 2022:

1. Home sales are down

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

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $929K, up 30.2%.

3. Average days on market

• The average days to sell have decreased from 28 days in May 2021, to just 18 days.

Find out how the market performed in Newmarket:

3 Market Trends in May 2022:

1. Home sales are down

• Despite more inventory coming available, there’s been a decrease 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 $1.2M, up 15.3%.

3. Average days on market

• The average days to sell has decreased from May 2021, with homes selling firm in just 11 days.

Find out how the market performed in Vaughan:

3 Market Trends in May 2022:

1. Home sales are down

• Despite more inventory coming available, there’s been a decrease 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 $1.4M, up 4.5%.

3. Average days on market

• The average days to sell has increased from 12 days in May 2021, to 14 days.

Find out how the market performed in Toronto:

3 Market Trends in May 2022:

1. Home sales are down

• Despite more inventory coming available, there’s been a decrease in home sales in Toronto.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1.2M, up 11.4%.

3. Average days on market

• The average days to sell has increased from 12 days in May 2021, up to 13 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.

Call us today at 1.888.918.6570, send us an email or book an appointment.

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