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!