June 2022 Market Update

KEY TAKEAWAYS:

• 522 residential units were sold in Simcoe County last month— a 45.02% decrease from June 2021
• Average price of residential units sold in Simcoe County was $832,698, which was 3.7% higher than June 2021
• 156 units were sold during June 2022 within the City of Barrie—45.8% less than the number of units sold in June 2021
• Average price of residential Barrie units sold during June 2022 was $787,432—5.6% more than the average sale price during June 2021
• The price range with the smallest decline in sales was the $629,000 and Above range, where they decreased 1.9 percent
• Market-wide, inventory levels were up 127.5 percent. The property type that gained the most inventory was the Single Family segment, where it increased 130.6 percent
• Months supply of inventory increased 250.0 percent for Single Family homes and 200.0 percent for Townhouse/Condo homes