September 2023 Market Update

KEY TAKEAWAYS:

• 506 residential units were sold in Simcoe County last month— a -7.16% decrease from September 2022
• Average price of residential units sold in Simcoe County was $823,541, which was -1.35% less than September 2022
• 165 units were sold during September 2023 within the City of Barrie— -14.95% less than the number of units sold in September 2022
• Average price of residential Barrie units sold during September 2023 was $754,790, which was 1.64% greater than September 2022
• Months supply of inventory amounted to 5.57 months, which was 39.74% greater than September 2022
• Year-over-year, total new residential listings were up 15.06% in comparison to September 2022
• Sales-to-new residential listings ratio decreased by 15% in comparison to September 2022