The real estate market in Innisfil for all property types has shown a slight increase in average sale price from the previous month, with the average price rising to $948,977 in June from $891,093 in May. However, compared to one year ago, there has been a more significant increase in average sale price, with a jump from $923,240 in June 2023 to $948,977 in June 2024. This indicates a positive trend in property values over the past year. The number of properties sold also increased slightly from 65 in May to 69 in June, showing a steady level of sales activity in the market. The average days on market remained relatively stable at 29 days in June, indicating properties are selling at a consistent pace.

The sales price to list price ratio remained strong at 99% in June, showing that properties are generally selling close to their asking price. The months of inventory increased slightly from 5.8 in May to 5.855 in June, indicating a balanced market where supply and demand are relatively in equilibrium. Overall, the data suggests a healthy real estate market in Innisfil for all property types, with increasing property values, steady sales activity, and a balanced market that benefits both buyers and sellers.

Read the full article on: Toronto Regional Real Estate Board