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
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