June 2023 Market Update

KEY TAKEAWAYS:

• 670 residential units were sold in Simcoe County last month— a 28.1% increase from June 2022
• Average price of residential units sold in Simcoe County was $846,991, which was 2.1% greater than June 2022
• 196 units were sold during June 2023 within the City of Barrie—24.1% more than the number of units sold in June 2022
• Average price of residential Barrie units sold during June 2023 was $787,491 which was about the same than the average price of units sold during June 2022
• The price range with the largest gain in sales was the $$350,000 to $484,999 range, where they increased 22.6 percent
• Market-wide, inventory levels were down 24.4 percent. The property type that lost the least inventory was the Townhouse/Condo segment, where it decreased 11.3 percent
• Months supply of inventory for Single Family homes amounts to 2.8 months while Townhouse/Condo amounts to 2.7 months