December 2022 Market Update

KEY TAKEAWAYS:

• 243 residential units were sold in Simcoe County last month— a 39.4% decrease from December 2021
• Average price of residential units sold in Simcoe County was $801,017, which was 7.9% less than December 2021
• 69 units were sold during December 2022 within the City of Barrie—49.3% less than the number of units sold in December 2021
• Average price of residential Barrie units sold during December 2022 was $708,000—17.1% less than the average sale price during December 2021
• The price range with the smallest decline in sales was the $629,000 and Above range, where they decreased 29.0 percent
• Market-wide, inventory levels were up 403.8 percent. The property type that gained the most inventory was the Townhouse/Condo segment, where it increased 467.9 percent
• Months supply of inventory for Single Family homes amounts to 1.5 months while Townhouse/Condo amounts to 1.9 months