[Video Below] We’re back with this week’s episode of The Barrie Real Estate Update.
👇Here’s a quick overview, but take 3 minutes to check out the video with Mike for more context and specific property examples.
▪️ 6 new listings this week compared to 2 last week; 3 of those are relists, meaning there’s really only 3 new listings.
▪️ Conditional sales were 0, following the same trend as the last 2 weeks.
Firm sales were 2, also keeping pace with last week. 1 of those was listed and sold within the same week.
▪️ We saw 40 new listings this week vs 29 last week. Of those 40 new listings, 13 were relists, so there are really only 27 new listings.
▪️ 22 price reductions this week.
▪️ Conditional sales were on pace with last week at 1; this week’s sale was listed and sold within the same week.
▪️ Firm sales up just slightly at 16 vs 15 last week. 1 was listed and sold within the same week, and 3 of these were sold over list.
📉Inventory is 249 listings, down slightly from 251 last week.
👉In summary, listings and sales have stayed pretty consistent week over week.
❗Interestingly, showings have started increasing since late last week. Perhaps people are getting used to the “new normal”, becoming comfortable with the new safety protocols?
We’ll keep a close eye on this trend and see if that holds into next week.