July 2022 Market Update

KEY TAKEAWAYS:

• 444 residential units were sold in Simcoe County last month— a 46.10% decrease from July 2021
• Average price of residential units sold in Simcoe County was $788,104, which was 1.6% higher than July 2021
• 134 units were sold during July 2022 within the City of Barrie—48.5% less than the number of units sold in July 2021
• Average price of residential Barrie units sold during July 2022 was $775,463—6.2% more than the average sale price during July 2021
• The price range with the smallest decline in sales was the $629,000 and Above range, where they decreased 8.8 percent
• Market-wide, inventory levels were up 191.3 percent. The property type that gained the most inventory was the Townhouse/Condo segment, where it increased 257.3 percent
• Months supply of inventory increased 314.3 percent for Single Family homes and 480.0 percent for Townhouse/Condo homes