Weekly Market Update April 1-7

Faris Team CEO and Broker, Mark Faris, says that the first week of April saw a dip in new listings and homes sold across all markets. It’s not uncommon for those stats to decline hand-in-hand, as buyers may be waiting for more inventory to become available.

List-to-sale price ratios are up well over 100%, which means that sellers who are coming on the market this spring are getting well over their asking price.

Barrie & Area

Compared to the week of March 24-31:

• Average selling price:⬆︎2%

• New listings:⬇︎31%

• Homes sold:⬇︎ 35%

• List-to-sale ratio: unchanged

Midland & Surrounding Area

Compared to the week of March 24-31:

• Average selling price: ⬇︎1% 

• New listings:⬇︎21%

• Homes sold:⬇︎33%

• List-to-sale ratio:⬆︎1.0%

Orillia & Surrounding Area

Compared to the week of March 24-31:

• Average selling:⬆︎8%

• New listings:⬇︎28% 

• Homes sold:⬇︎43%

• List-to-sale ratio:⬆︎2.7%

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.

There’s absolutely NO OBLIGATION. Consultations with our team of experts are FREE.

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.