Muskoka Market Update – December 2021
Muskoka’s real estate market continues to be hot as 2021 draws to a close. December stats show Muskoka ended the year with a median price increase of 27% year over year for waterfront properties and a 42% increase year over year for residential non-waterfront properties. The strong Seller’s market doesn’t appear to be losing any steam as we head into the new year. Fueled by pandemic-related demand, a strong possibility of interest rates heading upward, and the ability to work remotely kept buyer demand robust. Across the Muskoka region, the price range that reflected the largest gain was the $1,000,000 – $1,999,999 range.
To view the full Lakelands North Residential Market Activity and MLS® Home Price Index Report for December 2021 click here.