Weekly Market Update February 15-21

Faris Team CEO and Broker, Mark Faris, says that thanks to last week’s boost in inventory, Orillia, Midland and areas are reporting increased sales. New listings to homes sold remain neck and neck, which keeps months of inventory low across all markets: Midland sits at 1.0 and Barrie and Orillia at just 0.7.

List-to-sale ratios remain strong, with Orillia properties averaging more than 112% of asking price.

Barrie & Area

Compared to the week of February 8-14:

• Average selling price is down 2.5% 

• 19% fewer new listings than last week 

• 5% fewer homes sold

• List-to-sale ratio is strong at 109.1%

Midland & Surrounding Area

Compared to the week of February 8-14:

• Average selling price is steady  

• 17% fewer listings came on the market

• 83% more homes sold

• List-to-sale ratio is strong at 108.1%

Orillia & Surrounding Area

Compared to the week of February 8-14:

• Average selling price is down 10%

• 27% fewer new listings 

• 11% more homes sold

• List-to-sale ratio is up again to 112.6%

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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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.