The real estate market in Innisfil has shown some interesting trends over the past 12 months. According to the HPI data, the benchmark price for all property types in Innisfil was $772,100 in December 2023, representing a decrease of 0.84% compared to the previous month. However, when compared to the same month in the previous year, the benchmark price decreased by 4.05%. This suggests a slight decline in property prices over the past year.

In terms of sales volume, there were 35 properties sold in December 2023, which is a decrease from the previous month's 29 sales. However, compared to the same month in the previous year, there was an increase in sales volume, indicating a positive trend. The average sale price in December 2023 was $789,146, which is lower than the previous month's average price of $868,107. This suggests a decrease in property prices in the most recent month.

The average days on market (DOM) in December 2023 was 42 days, which is slightly higher than the previous month's 37 days. This indicates that properties took slightly longer to sell in the most recent month. The sales price to list price (SPLP) ratio in December 2023 was 97%, which is consistent with the previous month's ratio. This suggests that sellers were able to negotiate prices close to their listing prices.

Overall, the data suggests a balanced market in Innisfil, with a slight decrease in property prices over the past year. The increase in sales volume compared to the same month in the previous year indicates a positive trend for home buyers. However, the slightly longer days on market may indicate a slightly slower pace of sales.

Read the full article on: Toronto Regional Real Estate Board