February 5, 2021:

Weekly Market Update January 25-31

Faris Team CEO and Broker, Mark Faris, says new listings are up again this week, but sales are keeping pace. The result? Months of inventory are at historic lows, telling us it would take just weeks to sell through all active listings if nothing new came on the market.

Average sale price is up or steady across all markets, which is a trend we’re seeing more of with so many buyers looking for property to call home. If you’re in the market to buy, and are tired of so little inventory, tap into our exclusive service: FarisVIP. This program helps buyers access homes being sold by Faris Team before they hit the open market, potentially giving you a key advantage to secure your dream property before other buyers.

Barrie & Area

Compared to the week of January 17-24:

  • Average selling price is down 0.6% 

  • 13% more new listings than last week 

  • 15% more homes sold

  • List-to-sale ratio is strong at 107.5%

Midland & Surrounding Area

Compared to the week of January 17-24:

  • Average selling price is up 14%  

  • 42% more listings came on the market

  • 13% more homes sold

  • List-to-sale ratio is strong at 103.2%

Orillia & Surrounding Area

Compared to the week of January 17-24:

  • Average selling price is up 24%  

  • 200% more new listings 

  • 43% more homes sold

  • List-to-sale ratio is strong at 106.7%

We’re watching the market closely amidst the provincial lockdown, and are operating as an essential service to help those who need to move throughout the pandemic.

Stay safe, and remember we’re here to help and go full out® for you.

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.

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