May 2021 Muskoka Residential Real Estate Market Update
Welcome, thank you for checking out the Muskoka residential real estate market update for May 2021.
Year to Date, the Muskoka residential real estate market is up 29.4% YTD since the start of 2021. We are quickly approaching the first day of summer 2021. The sellers market is still strong through Muskoka residential, slight cooling in the market this month after the half percent mortgage stress test increase. The sellers market has lessened in severity by about 15% since the start of the year which provides buyers more opportunity to secure a property in the area. The number of new listings vs number of units sold ratio YTD in Muskoka residential real estate market is 75.3% 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. In this post we will analyze the May trends in the residential side of the Muskoka real estate market.
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 — john@abenteam.com or call 705-788-4770.
Mark Aben, Broker — mark@abenteam.com or call 705-788-4388.
Email: info@abenteam.com
