September 2022 Market Update

KEY TAKEAWAYS:

• 498 residential units were sold in Simcoe County last month— a 32.50% decrease from September 2021
• Average price of residential units sold in Simcoe County was $768,221, which was 4.5% less than September 2021
• 179 units were sold during September 2022 within the City of Barrie—22.2% less than the number of units sold in September 2021
• Average price of residential Barrie units sold during September 2022 was $735,064—5.8% less than the average sale price during September 2021
• The price range with the smallest decline in sales was the $629,000 and Above range, where they decreased 15.4 percent
• Market-wide, inventory levels were up 218.3 percent. The property type that gained the most inventory was the Townhouse/Condo segment, where it increased 280.0 percent
• Months supply of inventory for Single Family homes was 2.8 months and 2.5 months for Townhouse/Condo homes