The Orangeville real estate market started the year with a bang, but is the momentum here to stay? I will say that January is often a difficult month to get a read on because there are generally low volumes. Let’s take a look at the numbers and see what’s going on here.  January 2025 Stats Starting with new listings the trend from most of 2024 of higher listings than the 10-year average continued into January with 65 new listings an increase of 35.42% over January last... [read more]

2022 is winding down and the Orangeville real estate market has experienced a continued slowdown in sales activity in October. Prices continue to decline from the peak experienced earlier this year due to higher borrowing costs, as a result of the high inflation environment in the economy. Here are the stats from October. The Month of October 2022 In October there were 48 homes listed for sale in Orangeville, a decrease of 5.88% from the 51 homes listed for sale. October generally marks... [read more]

We are now three-quarters through 2022 and continue to see softer sales numbers in the Orangeville real estate market, due to quickly rising interest rates slowing buyers’ demand. It looks like home sellers have recognized that demand is weaker, and prices have been declining, as a result, there have also been fewer homes listed for sale which has created an interesting dynamic where demand is soft, and inventory is low making for a much slower real estate market this fall.... [read more]

The countdown is on to the holidays and the end of 2022. It’s been another wild ride in real estate, and November has provided more of what we have seen over the last several months, a low number of new listings, low sales volumes, and declining prices. Expect this trend to continue into 2023. The Month of November 2022 In November there were 42 homes listed for sale a 4.55% decrease from the 44 homes listed in November 2021. This figure is slightly below the ten-year average... [read more]

2022 in the Orangeville real estate market will be remembered for the wild rise in housing prices in the first quarter followed by an incredible slowdown in activity and a retreat in prices due to the Bank of Canada’s interest rate policy. It was almost as if there was a switch that was flicked by the Bank of Canada and many would-be home buyers moved to the sidelines and took a wait-and-see approach. When looking at the stats for December keep in mind that December is generally a... [read more]