Market Update: Monday, May 19 – Orillia & Surrounding Areas
(Ramara, Oro-Medonte, Severn)

139 new freehold listings this week (vs 107 last week)
➡️41 in Orillia (vs 29 last week) - 150 total active in Orillia

21 total sales across all areas
➡️11 sold in Orillia
➡️63% of sales in Orillia got under asking price

What does this mean?
➡️We continue to slide deeper into a Buyer's Market.
➡️Overpriced homes are not selling and require price reductions.
➡️Homes listed slightly above market value are selling—but typically for below list price.
➡️Homes priced at or just below market value are attracting more interest and often selling quickly at or above list price.

🌟Pricing strategy matters more than ever in this market.🌟
➡️The right price attracts attention fast
➡️The wrong price gets ignored and attracts less interest
➡️➡️This leads to low ball offers.

‼️ Stats don't lie!
When interviewing agents think twice before going with the one who offers to list at the highest price. ‼️

Your largest investment deserves commitment, strategy, experience, and results.

Let’s talk about how we can position your home to win in today’s market.

Sellers: Call us for a no obligation evaluation tp find out what your home is worth.

Buyers: Let's go house shopping, we know this market and aren't afraid to get you a deal.

Rochelle 647-990-7624
Mike 705-619-2290