2020 June Update – Muskoka Residential Real Estate Market

January and February 2020 were strong months in Muskoka real estate with increasing inventory, sales and average price. 2020 was shaping into a good market for buyer’s and seller’s with decent inventory levels and sales. Then in April and May sales slowed significantly as everyone was in pandemic lockdown. As restrictions lifted and some pent up demand was created, sales shot up 41% YOY for June and 75.6% higher compared to the previous month of May. With higher demand in June and lower inventory overall of 21% the average price for 2020 increased to $443,399 YTD ending June 2020, that’s 12.1% higher than the average sale price in 2019.

In saying that, the ratio of new listings to units sold trending higher for 2020.

2019: 303 (sold) ÷ 474 (new listings) = 64%

2020: 274 (sold) ÷ 403 (new listings) = 68%

Percentages over 55% are considered a seller market.

If you would like more information, don’t hesitate to reach out anytime.

John Aben, Broker — john@abenteam.com or call 705-788-4770.
Mark Aben, Broker — mark@abenteam.com or call 705-788-4388.

Data based on the following: Bracebridge, Gravenhurst, Huntsville (Excludes cottage, vacant land, condo and commercial properties)

Muskoka Residential Unit Sales by Month

2020 June Unit Sales Up 41% YOY

June 2019 – 56 sales
June 2020 – 79 sales

2020 January to June Down 9.6% YOY

Jan-June 2019 – 303 sales
Jan-June 2020 – 274 sales

Unit sales were trending up for 2020 with 14.5% more sales in Jan/Feb YOY.

Couple slower months in April and May, then rebounding in June with 41% more sales compared to June 2019. Overall market YTD is down 9.6% compared to the same period in 2019.

Muskoka Residential Average and Median Sale Price

2020 Average Sale Price – $443,399

2020 Median Sale Price – $409,8454

2019 vs. 2020 Jan-June 
Percentage Increase in Average Sale Price
$395,512 to $443,399


Up 12.1%

Up 13.8% comparing May at $434,506 to June at $494,404

Percentage Increase in Median Price
$379,900 to $409,845

Up 7.9%

High demand for a home in Muskoka is driving up the price in the main towns. The average price for a home in Muskoka for the month of June is now $494,404, or YTD at $443,399.

Muskoka Residential New Listings by Month

2020 June New Listings – Up 9.2% YOY
June 2019 – 98 sales
June 2020 – 107 sales

2020 Jan to June New Listings – Down 15% YOY

Jan-June 2019 – 474 sales
Jan-June 2020 – 403 sales

66% fewer new listings coming to market in April 2020 compared to April 2019. With restrictions lifting we experienced an increase of 9.2% of new listings in June 2020 compared to June of 2019.

The number of new listings YTD down are still down 15%.

Data Source: The Lakelands Association of Realtors