July 2021 Market Update

KEY TAKEAWAYS:

• 815 residential units were sold in Simcoe County last month— a 14.2% decrease from June 2021. During the same time a year ago, there was a 11.8% increase from June to July
• Average price of residential units sold in Simcoe County was $772,647, which was 3.8% lower than June 2021
• 255 units were sold during July 2021 within the City of Barrie—12.1% less than the number of units sold in June 2021. A year ago, the number of units sold between June and July grew 15.3%
• Average price of residential Barrie units sold during July 2021 was $732,430—1.8% less than the average sale price during June 2021
• The property type with the largest price gain was the Single Family Homes segment, where prices increased 32.7 percent to $730,000
• Market-wide, inventory levels were down 37.5 percent. The property type that lost the least inventory was the Single Family segment, where it decreased 30.1 percent