March 2022 Market Update

KEY TAKEAWAYS:

• 829 residential units were sold in Simcoe County last month— a 37.4% decrease from March 2021
• Average price of residential units sold in Simcoe County was $977,077, which was 29.1% higher than March 2021
• 271 units were sold during March 2022 within the City of Barrie—45.5% less than the number of units sold in March 2021
• Average price of residential Barrie units sold during March 2022 was $929,089—30.0% more than the average sale price during March 2021
• The price range that tended to sell the quickest was the $629,000 and Above range at 11 days
• Market-wide, inventory levels were up 15.1 percent. The property type that gained the most inventory was the Single-Family segment, where it increased 17.9 percent