Reflections of Summer - Market Update

It’s hard to believe that those warm summer days have come and gone already, now crunchy leaves layer the ground, and we await the nearing days of winter signalled by that very first magical snowfall. The changing seasons gives us the chance to reflect back on the go-go-go summer Real Estate season in Muskoka, to take the time to acknowledge and understand the current Real Estate Market that we find ourselves in and to predict what is still coming our way.
Well… the predictions in the first quarter of this year about a continued high demand Real Estate Market has proven true! Throughout 2021 demand remained high, prices continued to increase as a result and we saw record breaking market numbers locally and nationally.
If you are considering buying or selling property, it is important to make informed decisions based on real statistics and current market information. We have compiled a few key metrics that we believe show how the market has changed this year compared to 2020.
September Real Estate in Numbers
Click on the images below to expand.
Market Outlook - Fall/Winter 2021
Statistics from this year and early indicators from across the Canadian Housing Market suggest steady activity for the remainder of the year. According to the RE/MAX Canada 2021 Fall Housing Market Outlook Report, we can expect the average residential sale price for all home types to continue to increase by as much as 5% from now until the end of the year.
If you are considering buying or selling this year, or if you are planning your Real Estate goals for 2022, contact us for insider local knowledge and more market driven statistics to help you make your move at the right time!
We are here to help YOU enjoy Loving Life in Muskoka!
- Dolf and Anzie Witlox -
Dolf - 705.787.6196
Anzie - 705.571.0587
Stats from: https://blog.remax.ca and https://www.professionalsnorth.com
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