Weekly Market Update October 25-31

Faris Team CEO and Broker, Mark Faris, says that stats more obviously ebb and flow when reporting on market performance weekly. This week we see a dip in most key stats, but if you look back over 2020, this trend oscillates consistently every two weeks. Midland and surrounding area satisfies both buyers and sellers this week in reporting more new listings and a spike in average selling price. In our other core areas, the lack of new listings coming on the market continues to drive market behaviour, making this season of real estate a hot one.

Greater Barrie Area

Compared to the week of October 18-24:

• Average selling price is $654K, down 4%  

• 18% fewer new listings than last week

• 19% fewer homes sold

• List-to-sale ratio is down to 99.9%

Midland & Surrounding Area

Compared to the week of October 18-24:

• Average selling price is $694K, up 37%  

• 3% more new listings than last week

• 26% fewer homes sold

• List-to-sale ratio is down slightly to 99.5%

Orillia & Surrounding Area

Compared to the week of October 18-24:

• Average selling price is $620K, down 2%  

• 14% fewer new listings

• 12% fewer homes sold

• List-to-sale ratio is down to 97.6%

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.