April 2022 Market Update

KEY TAKEAWAYS:

• 678 residential units were sold in Simcoe County last month— a 42.7% decrease from April 2021
• Average price of residential units sold in Simcoe County was $907,891, which was 17.0% higher than April 2021 but 7.2% lower than March 2022
• 204 units were sold during April 2022 within the City of Barrie—44.9% less than the number of units sold in April 2021
• Average price of residential Barrie units sold during April 2022 was $894,160—23.1% more than the average sale price during April 2021 but 3.9% less than the average price during March 2022
• The price range with the largest gain in sales was the $629,000 and Above range, where they increased 24.7 percent
• Market-wide, inventory levels were up 61.9 percent. The property type that gained the most inventory was the Townhouse/Condo segment, where it increased 80.7 percent
• Months of inventory in Simcoe County increased to 1.6, which was 222.4% higher than April 2021
• Months of inventory in the City of Barrie increased to 1.5, which was 409.8% higher than April 2021