Looking through the monthly seasonality it appears that home sales have marked a small rebound in the past few months compared to the bottom they hit back in July. Where we go from here is anyone’s guess but with very few interest rate hikes left on the horizon it’s possible we might begin to see some stabilization in the market ahead,” said Luc Woolsey, President of the Barrie & District Association of REALTORS®.
“New listings have been coming in remarkably strong over the past several months, posting some of the highest levels in history. This has boosted overall supply to levels unseen since the fourth quarter of 2019 and provides ample choice for those buyers willing to wade back into the market. With the effects of higher interest rates still yet to be fully realized and the housing market bordering between buyer’s and balanced territory we will likely see a continued moderation in prices through the end of the year and into 2023.
Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index.php/whats-my-property-worth/
Stats are correct as of Thursday November 10th. Based on October 2021 v October 2022