BUYER’S MARKET The Southern Georgian Bay real estate market remained in a buyer’s market this February, despite rising home prices.
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The median sale price increased by 12.58% to $714,900, while the average sale price rose by 10.63% to $786,552. However, sales volume declined by 4.38%, with unit sales down 13.57% to 121 transactions.
New listings increased by 9%, expanding inventory, while expired listings dropped by 54.24%. With the unit sales-to-listings ratio at 27.75%, market conditions continue to favour buyers.
February year-over-year sales volume of $95,172,830 Down 4.38% from 2024’s $99,536,405 with unit sales of 121 down 13.57% from last February’s 140.
New listings of 436 are up 9% from a year ago, with the sales/listing ratio of 27.75% down 20.71%.
Year-to-date sales volume of $197,781,245 Up 11.27% from 2024’s $177,750,305 with unit sales of 236 down 3.67% from 2024’s 245.
New listings of 868 are up 18.58% from a year ago, with the sales/listing ratio of 27.19% down 18.77%.
Year-to-date average sale price of $839,400 Up from $727,934 one year ago with median sale price of $724,950 up from $641,250 one year ago. Average days-onmarket of 66.5 is up 12 days from last year.
