Hello everyone! Thanks for tuning into Matt’s Stats for November 2024! We start by looking at the year-over-year graph for November 2024 vs. 2023. For the second month in a row we see the total transactions for detached homes up or even for all of our communities. New Tecumseth led the way with a 141.1% increase year-over-year followed by Georgina with a 100% lift in 2024 vs 2023. Midland was the only region that finished November flat when compared to 2023. The average sales price for detached homes saw a lift in 4 of our 8 focus communities. Midland had the largest increase with 34.6% followed by Orillia with a 19.3% increase. Bradford/West Gwillimbury posted the largest decrease with a 13.5% drop in average sale price followed by New Tecumseth with a 5.9% decrease.
When looking at the November 2024 month-over-month stats vs October 2024, we see that transactional volume was up in 3 of our communities. New Tecumseth had the largest growth month-over-month at a 13.8% increase followed closely by Georgina with a 13.6% increase. Midland had the largest volume decrease this month (-59%) followed by Bradford West Gwillimbury (-27.5%). Almost all of our communities saw a decrease in the average sales price month-over-month with only Midland and Newmarket posting an increase month-over-month of 11.2% and 0.9% respectively.
Want to know what this means for you? Our real estate agents are here to help. Call or text us today at (905) 252 8599, or send us an email at curtis@noworries.ca.
