"Insights into the Real Estate Market in Innisfil: Decrease in Prices and Sales Volume, but a Balanced Market with Fast-Paced Sales"

The real estate market in Innisfil has shown some interesting trends over the past 12 months. According to the HPI data, the benchmark price for all property types in Innisfil is $842,900, with an HPI index of 413.6. Comparing the most recent month to the previous month, we see a slight increase in the benchmark price by 0.63%. However, when comparing the most recent month to the same month last year, there has been a decrease in the benchmark price by 2.59%.

In terms of sales volume, there were 56 properties sold in the most recent month, with a total dollar volume of $51,819,872. This indicates a decrease in sales volume compared to the previous month, where 55 properties were sold with a total dollar volume of $46,527,712. Additionally, when comparing the most recent month to the same month last year, there has been a decrease in sales volume by 35.71%.

The average days on market for properties in Innisfil is 22 days, indicating a relatively fast-paced market. The sales price to list price ratio is 98%, suggesting that properties are selling close to their listed prices. The months of inventory, which represents the number of months it would take to sell all current listings at the current sales pace, is 5.23. This indicates a balanced market, with neither a surplus nor a shortage of inventory.

Overall, the data suggests that the real estate market in Innisfil has experienced a decrease in benchmark prices and sales volume compared to the same time last year. However, the market remains balanced with a relatively fast pace of sales and properties selling close to their listed prices. This information can be useful for both home buyers and sellers in understanding the current market conditions in Innisfil.

Read the full article on: Toronto Regional Real Estate Board