Market Report June 2022
There were some big changes in the Haliburton Real Estate Market over the month of June!
The Average Waterfront sale price in Haliburton has come back up to slightly over 1M, up 25% from where it was in 2021, but the list-to-sale price percentage has officially dropped below 100% to 98%. Suggesting that we are now in more of a Buyer’s market. Days on the market is still holding pretty strong at an average of 19 and inventory is still extremely low at 36 properties sold, 33 properties less than in June of 2021.
For the first time Since 2020, we are seeing the residential side of the market sit in a completely different position from the Waterfront. With the lowest average sale price in 2 years of $395,595, down 20% from June of 2021. However, the percent of list price is still holding strong at 103% leaving the residential market in more of a Seller’s market. Average days on the market are holding at 20 and units are down only 7 from last year at 26.
So, what’s going on in the Haliburton real estate market? We are seeing a major shift, lots of conditional sales, not as many showings or offers, and lots of sales under asking, but we are also still seeing some bidding wars and some over-asking sales. So, for buyers, it’s a really great time to get into the market and start looking, there are more and more properties coming for sale every day and fewer and fewer showings happening, so you are in a great place to get a great price on your dream home or cottage. That being said, Seller’s it is still a good time to sell, the market has changed, but there are still lots of Buyers out there!
To keep up with all these rapid changes in the marketcontact Team Cottage Country for all your Buying and Selling needs!