2022 Muskoka Real Estate Market Year in Review
Thank you for reviewing the 2022 Muskoka real estate market year! It was a record-breaking year in the Muskoka real estate market, with the average sale price peaking in early 2022, but since then, the number of properties sold has dropped significantly. It’s undoubtedly a quieter market as many buyers sit in the wings waiting for the perfect time to purchase, but I wouldn’t wait too long, as historically if you buy and hold, you will do just fine.
The total sales volume for 2022 was $1,312,727,783 compared to $1,938,806,250 in 2021, representing a decline of approximately 32% YOY. In 2022, 1,120 homes and cottages were sold compared to 1,785 in 2021, a drop of 37%.