March 2023 Market Update
KEY TAKEAWAYS:
- 378 residential units were sold in Simcoe County last month— a 31.9% decrease from March 2022
- Average price of residential units sold in Simcoe County was $821,378, which was 18.1% less than March 2022
- 195 units were sold during March 2023 within the City of Barrie—27.8% less than the number of units sold in March 2022
- Average price of residential Barrie units sold during March 2023 was $725,965—21.9% less than the average sale price during March 2022
- The price range with the smallest decline in sales was the $$485,000 to $628,999 range, where they decreased 21.1 percent
- Market-wide, inventory levels were up 49.9 percent. The property type that gained the most inventory was the Townhouse/Condo segment, where it increased 100.0 percent
- Months supply of inventory for Single Family homes amounts to 2.4 months while Townhouse/Condo amounts to 2.6 months
Recent Blog Posts
Flat Fee MLS Listing in Ontario: How It Works (and When 1% Beats It)
A flat-fee MLS listing in Ontario works by paying a brokerage a fixed…
How 1% Listing Commissions Work in Ontario (and What You Actually Save)
A 1% listing commission in Ontario works by charging 1% of the sale price…
Is a 1% Commission Realtor Worth It in Ontario?
A 1% commission realtor is worth it for most Ontario home sellers who want…
How to Choose a Realtor in Orillia and What Selling Costs | Parker Coulter
Choosing the Right Realtor in Orillia: What Selling Costs and What to Ask…