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