October 2021 Market Update

KEY TAKEAWAYS:

• 705 residential units were sold in Simcoe County last month— a 4.3% increase from September 2021. During the same time a year ago, there was an 4.2% decrease from September to October
• Average price of residential units sold in Simcoe County was $835,397, which was 4.1% higher than September 2021
• 219 units were sold during October 2021 within the City of Barrie—4.8% less than the number of units sold in September 2021. A year ago, the number of units sold between September and October decreased 1.6%
• Average price of residential Barrie units sold during October 2021 was $770,033—1.3% less than the average sale price during September 2021
• The property type with the largest price gain was the Townhouse/Condo segment, where prices increased 32.9 percent to $565,000
• Market-wide, inventory levels were down 38.2 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 29.2 percent