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
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