Happy Spring!

At least the calendar says it's spring but it certainly doesn't feel like spring. The real estate market so far has not shown much in the way of a spring market uptick either. Home sales in March are basically statistically the same as the month of February. The exceptions to this was Essa and Springwater who saw an increase in the number of homes sold and Oro-Medonte  saw a decrease in the number of homes sold. Average prices were all over the map in March. Barrie, Orillia and Essa saw their average price rise while Innisfil, Oro-Medonte and Springwater were all lower in average sale price when compared to February. Inventory levels have increase slowly.

The million dollar question is what is the market going to do for the rest of the year. Real estate markets are no different than stock markets. They do not like instability, so until we get some direction as to the severity, duration and perhaps a new USMCA deal, things will likely remain somewhat unstable.

Barrie
Homes Sold. 98
Average Sale Price. 849,869
Average Days on Market. 31
Percentage of Asking Price. 98%

Innisfil
Homes Sold. 36
Average Sale Price. 956,925
Average Days on Market. 33
Percentage of Asking Price. 98%

Orillia
 Homes Sold. 18
Average Sale Price. 619,373
Average Days on Market. 27
Percentage of Asking Price. 98%
 
Oro-Medonte
 Homes Sold. 9
Average Sale Price: 886,667
Average Days on Market. 26
Percentage of Asking Price. 98%
 
Springwater
 Homes Sold. 17
Average Sale Price. 1,003,562
Average Days on Market. 50
Percentage of Asking Price. 97%
 
Essa
 Homes Sold. 16
Average Sale Price. 1,006,866
Average Days on Market. 44
Percentage of Asking Price. 98%

*All stats are based on listings sold with the Toronto Regional Real Estate Board

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