Q1 Overview 

The demand for listings continues to outpace supply in our region. The Southern Georgian Bay market had a strong 103% sale/list price ratio in March. Homes sold in just 12 days on average, down 6 days from a year ago. We now have less than one month supply of inventory which indicates a market that is highly favouring Sellers.  Rising interest rates and the threat of further increases is having a moderating effect on the affect on the overall market.  Certain areas of particularly high demand continue to be overheated (Collingwood) while we are starting to see some inventory build in areas of lesser demand (Meaford).