November 2022 Market Update

KEY TAKEAWAYS:

• 416 residential units were sold in Simcoe County last month— a 33.80% decrease from November 2021
• Average price of residential units sold in Simcoe County was $748,106, which was 11.0% less than November 2021
• 130 units were sold during November 2022 within the City of Barrie—35.3% less than the number of units sold in November 2021
• Average price of residential Barrie units sold during November 2022 was $702,243—15.8% less than the average sale price during November 2021
• The price range with the smallest decline in sales was the $629,000 and Above range, where they decreased 25.9 percent
• Market-wide, inventory levels were up 242.2 percent. The property type that gained the most inventory was the Townhouse/Condo segment, where it increased 365.0 percent
• Months supply of inventory for Single Family homes amounts to 2.1 months while Townhouse/Condo amounts to 2.2 months