The real estate market in Innisfil for all property types saw a slight decrease in the average sale price from $972,005 in September to $850,998 in October, a decrease of 12.5%. However, when compared to the average price of $804,200 from one year ago, there was a slight increase of 5.8%. The number of properties sold also increased from 56 in September to 60 in October, showing a positive trend in sales volume. The average days on market remained consistent at 35 days, indicating a stable market for both buyers and sellers.

The sales price to list price ratio decreased slightly from 97% in September to 96% in October, suggesting that buyers may have more negotiating power in the current market. The benchmark price for all property types in Innisfil remained relatively stable over the past year, with a decrease of only 0.34%. Overall, the market appears to be balanced with a moderate level of inventory at 6.58 months, providing options for buyers while still offering opportunities for sellers to make successful transactions.

Read the full article on: Toronto Regional Real Estate Board