Weekly Market Update May 17-23

Faris Team CEO and Broker, Mark Faris, says that each market is reflecting unique behaviour this past week, but one common statistic is that homes are still selling well over asking price.

Barrie and area sales are down compared to last week, but up 100% from this time last year. Midland and area is reporting a big increase in average sale price week over week, but reflects the same range we’ve seen since early spring. Orillia and area has also consistently held an average sale price of over $800k, and dropped to just 12 days on market this week. Collingwood and area reports its lowest average sale price since the first week of March, and new listings are up which is good news for buyers.

Barrie & Area

Compared to the week of May 9-16:

• New listings: down slightly from 178

• Homes sold:⬇︎15%

• Average selling price:⬇︎1%

• List-to-sale ratio: 106.8%

Midland & Surrounding Area

Compared to the week of May 9-16:

• New listings:⬇︎19%

• Homes sold:⬇︎7%

• Average selling price:⬆︎20%

• List-to-sale ratio: 110.3%

Orillia & Surrounding Area

Compared to the week of May 9-16:

• New listings:⬇︎11%

• Homes sold:⬇︎24%

•  Average selling:⬆︎7%

• List-to-sale ratio: 111.9%

Collingwood & Surrounding Area

Compared to the week of May 9-16:

• New listings:⬆︎10% 

• Homes sold:⬆︎1%

• Average selling:⬇︎14%

• List-to-sale ratio: 103.5%

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.