The average sale price in the Haliburton housing market has increased by 15.1 per cent year-over-year, across all property types between January 1 and July 31, 2024 (from $492,418 in 2023 to $566,613 in 2024).
The number of sales increased by 13.8 per cent for the same time period (from 87 sales in 2023 to 99 sales in 2024). The number of listings increased by 17 per cent (from 182 properties listed in 2023 to 213 in 2024).
The Haliburton housing market currently favours buyers, and this is expected to continue into the fall, due to dinimished buyer demand in the region.
On September 4, the Bank of Canada will share its next interest rate announcement. Based on current activity in the Haliburton housing market, another rate cut is not expected to cause any major shifts in activity, due to buyers’ hesitancy to enter the market. However, as rates continue to drop, the market is expected to become more competitive in 2025.
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Haliburton 2024 Fall
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