October 2023 Market Update

KEY TAKEAWAYS:

• 457 residential units were sold in Simcoe County last month— a -17.51% decrease from October 2022
• Average price of residential units sold in Simcoe County was $842,950, which was -1.49% more than October 2022
• 142 units were sold during October 2023 within the City of Barrie— -17.92% less than the number of units sold in October 2022
• Average price of residential Barrie units sold during October 2023 was $743,797, which was 1.73% greater than October 2022
• Months supply of inventory amounted to 6.08 months, which was 72.70% greater than October 2022
• Year-over-year, total new residential listings were up 16.67% in comparison to October 2022
• Active listings increased by 42.46% in comparison to October 2022 for a total of 2,778 active listings in Simcoe County