January 2022 Muskoka Real Estate Stats at a Glance.
Below are charts showing the number of sales and average sale prices for Muskoka residential units in January 2020, 2021 & 2022 for MLS sales in Muskoka. These numbers were derived in whole from the Lakelands Association of Realtors.
January 2022 saw fewer active listing for Muskoka waterfront properties, while the average selling price increased. January 2022 would be categorized as a Seller’s market. RBC defines a Seller’s market as follows:
“A seller’s market happens when there’s a shortage in housing or more potential buyers than homes.”
A seller’s market at-a-glance
- More buyers than homes for sale
- Prices tend to be higher because of increased demand
- Homes sell quickly
- More likely to be multiple offers on a home, which gives sellers negotiating power (and conditional offers may be rejected)
more information, please contact our team directly – 705-349-0054