The local housing market started 2026 in buyers' favour. While some areas are showing signs of balance with stronger sales, surrounding areas are seeing slower activity, rising inventory, and softer prices, giving buyers more choice and leverage across the region. Midland:
The January 2026 housing market in Midland is beginning to shift toward a more balanced environment. The average sale price came in at $494,140, marking a 10.1% decrease year-over-year, while the median price dropped more sharply to $433,000.
Despite the decline in prices, sales activity grew, with 15 homes sold in January, up 15.4% from last year. New listings also rose to 40, providing buyers with more options. Midland is just entering a buyer's market with 6.13 months of available inventory, and homes are selling more quickly, with the median days on market falling to just 22.
Penetanguishene:
In January 2026, the Penetanguishene housing market saw a significant slowdown compared to January 2025. Both sales activity and new listings declined, with only three firm sales and 25 new listings pushing Penetang further into a buyer’s market with 19.3 months of inventory available.
With only three firm sales recorded, the average and median price data show a sharp decline. However, such a limited number of transactions makes it difficult to accurately assess true market values, with the median sale price sitting at $381,500 in January 2026.
Tiny Township:
At the same time, an increase in new listings combined with lower sales activity has kept the area firmly in the buyer’s market. Inventory rose to 18.89 months, and homes are taking longer to sell, with a median of 72 days on market.
Tay Township:
Tay Township’s housing market followed a similar pattern to neighbouring communities in January 2026, with softer sales activity and growing inventory. Only seven properties sold during the month, reflecting a notable year-over-year decline.
At the same time, new listings rose by 7.4%, giving buyers more choice and pushing inventory levels up to 14.5 months, firmly positioning the market in buyer-friendly territory. This slowdown in demand has also put downward pressure on pricing, with the median sale price coming in at $535,000 for January.