By: Nicole Stirk

May 2020 Market Update

May 2020 Market Update

KEY TAKEAWAYS:

  • 445 residential units were sold in Simcoe County last month— a 102.3% increase from April 2020
  • Average price of residential units sold in Simcoe County was $552,733, which was 4.9% higher than April 2020 and 7.0% greater than that of May 2019
  • 212 units were sold during May 2020 within the City of Barrie—116.3% greater than the number of units sold in April 2020 but 14.2% less than the number of units sold during May 2019
  • Average price of residential Barrie units sold during May 2020 was $519,915—1.8% less than the average sale price during April 2020 but 5.8% greater than the average price of units sold during May 2019
  • The price range that tended to sell the quickest was the $200,000 to $449,999 range at 34 days
  • The price range with the largest gain in sales was the $99,999 and Below range, where they increased 33.3 percent
  • The bedroom count with the strongest sales was 2 bedrooms—an increase of 18.4%
  • Property type with the strongest sales was Single Family—an increase of 10.7%
  • Market-wide, inventory levels were down 44.5 percent

May 2020 Market Update

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