"To understand and respond to the 'present' Lakelands North waterfront cottage country market, we must go 'back to the past'."It's said that what goes around, comes around. And according to insider commentary on recent market stats, that's the trope currently playing out in Muskoka's real estate market, especially where waterfront listings are concerned.
Last month, the median price for non-waterfront properties hit $592,000, up 2.1% from July of 2022. Furthermore, the year-to-date median price was $629,900, a 3.2% decrease from the year-to-date median this time last year. For non-waterfront properties, months of inventory jumped from 3.5 last July to 4.8 this July. The sale-to-list-price ratio was 97.4, down from last July's 98.0.
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