Welcome to the front porch episode of The Barrie Real Estate Update!
(This is “take 2” – Mike did a practice round first. )
Here’s a quick overview, but take 5 minutes to check out the video at the end for more context and specific property examples. Like the house that sold for $275k this week!
12 new listings this week compared to 6 last week; 4 of those are relists, meaning there’s really only 8 new listings.
Conditional sales were up…we had 1 vs 0 from the last few weeks.
Firm sales were 2, also keeping pace with last week.
Total inventory is 68 listings, up slightly over last week with 62.
New listings are continuing to trend up; We saw 43 new listings this week, up slightly over 40 last week. Of those 43 new listings, 13 were relists, so really just 30 new listings.
21 price reductions this week.
Conditional sales were 3, up from 1 last week.
Firm sales up again with 20 vs 16 last week.
Inventory is 248, down just slightly from 249 last week.
Last week we noticed that in-person showings were beginning to increase; we are continuing to see this trend upwards.
In summary, things seem to be picking up. That said, it’s too short a window to make any sweeping statements about where the market is heading just yet. Stay tuned for more updates!
In the meantime, stay safe & stay healthy.