Fall Real Estate Trends
We are currently seeing our Spring/Summer Sellers Market continue into the upcoming fall season, with only minimal slow down since winter. We are continuing to face low inventory and increasing prices, and are consistently seeing multiple offer situations. The influx of buyers from South of Barrie, continue to drive our market as they seek more affordable home prices.
Interest rates remain at an all time low, and are not expected to rise until closer to the end of the year. Barrie average prices continue to reflect a rise in comparison to last year, at over 6.8% Additionally, prices have been heating up in single family properties, which remain in short supply, causing buyers to lay patiently in wait for the right home, and seller’s to get top dollar for their sales!