August 2023 Market Update
KEY TAKEAWAYS:
- 589 residential units were sold in Simcoe County last month— a 11.76% increase from August 2022
- Average price of residential units sold in Simcoe County was $828,789, which was 0.87% greater than August 2022
- 192 units were sold during August 2023 within the City of Barrie—9.71% more than the number of units sold in August 2022
- Average price of residential Barrie units sold during August 2023 was $719,761, which was 0.59% greater than August 2022
- Months supply of inventory amounted to 4.34 months, which was 5.93% greater than August 2022
- Year-over-year, total new residential listings were up 16.2% in comparison to August 2022
- Sales-to-new residential listings ratio decreased by 10% in comparison to August 2022
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