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