August 2022 Market Update

KEY TAKEAWAYS:

• 522 residential units were sold in Simcoe County last month— a 29.40% decrease from August 2021
• Average price of residential units sold in Simcoe County was $747,966, which was 6.6% less than August 2021
• 165 units were sold during August 2022 within the City of Barrie—19.1% less than the number of units sold in August 2021
• Average price of residential Barrie units sold during August 2022 was $710,675—5.0% less than the average sale price during August 2021
• The price range with the smallest decline in sales was the $629,000 and Above range, where they decreased 11.5 percent
• Market-wide, inventory levels were up 234.8 percent. The property type that gained the most inventory was the Townhouse/Condo segment, where it increased 253.8 percent
• Months supply of inventory increased 366.7 percent for Single Family homes and 380.0 percent for Townhouse/Condo homes