Muskoka Real Estate Market Update – November 2024
The overall Muskoka Real Estate market (residential and waterfront combined) saw the average sale price decrease 8.4% and a median sale price decrease of 6% year over year.
The total dollar volume sees an increase of 1.9% comparing YOY. There were 103 more sales, with 1079 units sold from January-November 2024 compared to 976 units sold from January-November 2023.
Active listings are up for 2024 compared to 2023; combined waterfront and residential listings in Muskoka are up 8.2% for November 2024 compared to November 2023. The waterfront market has a 94% sold to list ratio. The residential market has a 74% sold to list ratio. Typical for this time of year which sees few listings come to market.
Average Sale Price – January-November 2024, $1,111,753 vs January-November 2023, $1,205,736; Down 8.4%.
Median Sale Price – January-November 2024, $760,000 vs. January-November 2023, $806,000; Down 6%.
Total Unit Sales – January-November 2024, 1079 vs January-November 2023, 976; Up 103 units