June 2021 Muskoka Residential Real Estate Market Update
Welcome, thank you for checking out the Muskoka residential real estate market update for June 2021.
Year to Date, the Muskoka residential real estate market is up 29.4% YTD since the start of 2021. Summer 2021 is well underway as the golf, boating and cottage season is in full swing. The sellers market in Muskoka is still strong in residential. There has been an uptick in number of new listings in Muskoka this year over last year 45% more listings so far YTD in 2021 vs 2020. The number of new listings vs number of units sold ratio YTD in Muskoka residential real estate market is 76% which shows the 15% decrease in the severity of the sellers market since the start of 2021. This statistic means it is still a strong sellers market but supply is progressing and is helping cool the market slowly. This month we have seen a plateauing in the type of market balancing at the 75% Listed to Sold Ratio, however average sale price continues to rise as we go month to month. In this post we will analyze the June trends in the residential side of the Muskoka real estate market. For the Waterfront section please check out the Market Statistics section of our blog. In this market you are slowly seeing offer dates begin to phase out, they are still used on hot desirable properties but as the market receives more supply there will be more opportunity for buyers.
The Aben Team and all members are strongly committed to providing the safest environment and following all protocols to protect and respect our clients, and the clients of other realtors buying and selling real estate in Muskoka during these uncertain times. The past year has seen an unprecedented seller’s market develop.
If it is time to list your property, trust The Aben Team to have your home professionally staged, professionally photographed, listed, and sold.
Looking to purchase/invest in the Muskoka area we would be happy to connect and have a conversation about your unique situation. For the most up-to-date information on the area feel free to reach out anytime.
If considering selling or buying Muskoka Real Estate, reach out anytime.
John Aben, Broker — email@example.com or call 705-788-4770.
Mark Aben, Broker — firstname.lastname@example.org or call 705-788-4388.