June 2020 Market Report

Southern Georgian Bay June 2020 Market Report

Well it looks as though we may have made a comeback! After seeing progression in the market in both April and May, it is of no surprise that June was going to be just as promising with a few changes to go along with it.

 

There was a record-breaking June Sales volume of $177,787,576, up 82% from March’s $97,594,502. Units also saw a large 54%  increase from June 2019 to 282. New listings for the month of June were up to 412 a 2% increase from June 2019 with a listing/sales ratio of 68% another large increase of 23% when compared to last year.

Once again we are seeing prices increase month by month with the average sale price in Southern Georgian Bay reaching $600,576.

 

June was a really big month for Southern Georgian Bay real estate with an all-time monthly record high volume which reflected a 26% increase from May 2017’s historic high of $141,247,497. June’s 68% sales/listing ratio raised Q2’s overall ratio to 57% and 2020’s ratio to 53%. This reflects a flip in comparison to recent months where demand is much greater than the supply, meaning we have officially entered Seller’s Market ladies and gentlemen!

June 2020 Sale By Property Type

June 2020 Southern Georgian Bay Market Snapshot

No Comments

Sorry, the comment form is closed at this time.

Looking to buy or sell?

 

Let’s grab a coffee and chat…or we can just email or text!