May 2022 Market Update
Key Takeaways:
- 647 residential units were sold in Simcoe County last month— a 39.2% decrease from May 2021
- Average price of residential units sold in Simcoe County was $903,460, which was 13.1% higher than May 2021
- 202 units were sold during May 2022 within the City of Barrie—45.0% less than the number of units sold in May 2021
- Average price of residential Barrie units sold during May 2022 was $841,040—13.1% more than the average sale price during May 2021
- The price range with the largest gain in sales was the $629,000 and Above range, where they increased 8.4 percent
- Market-wide, inventory levels were up 113.2 percent. The property type that gained the most inventory was the Townhouse/Condo segment, where it increased 147.6 percent
- Months of inventory in Simcoe County increased to 2.4, which was 300.0% higher than May 2021
Recent Blog Posts
Simcoe County Real Estate Market Trends: A Detailed Analysis of March 2024
Introduction The Simcoe County real estate market has seen diverse trends…
Maximize Your Sale with Parker Coulter Real Estate: The Low-Fee Brokerage Advantage
In the bustling real estate market of Simcoe County, homeowners are…
Unlocking Simcoe County’s Real Estate Trends: A February 2024 Analysis
As the real estate market continues to evolve, it's crucial to keep a…
February 20th, 2024 CPI beat and what it means for Real Estate
In light of Canada's recent economic update, which revealed a notable…