October 2022 Market Update

KEY TAKEAWAYS:

• 503 residential units were sold in Simcoe County last month— a 29.20% decrease from October 2021
• Average price of residential units sold in Simcoe County was $775,392, which was 6.8% less than October 2021
• 162 units were sold during October 2022 within the City of Barrie—27.4% less than the number of units sold in October 2021
• Average price of residential Barrie units sold during October 2022 was $733,808—3.8% less than the average sale price during October 2021
• The price range with the smallest decline in sales was the $629,000 and Above range, where they decreased 19.9 percent
• Market-wide, inventory levels were up 216.2 percent. The property type that gained the most inventory was the Townhouse/Condo segment, where it increased 473.0 percent
• Months supply of inventory for Single Family homes amounts to 2.5 months while Townhouse/Condo amounts to 2.4 months