New listings in April 2024 totaled 2,041, almost unchanged from the previous year but showing a significant increase of 23.40% compared to March 2024. However, active listings surged by 52.09% year-over-year and 74.89% month-over-month, indicating a growing inventory in the market.
Despite a slight dip in sales year-over-year, buoyed by a surge in new listings, buyers enjoyed increased choices while prices held steady. As we look ahead the expectation is that lower borrowing costs will allow more buyers to enter the market toward the second half of the year and into 2025, prompting tighter market conditions and higher sale prices.
Despite some fluctuations, the Simcoe County real estate market continues to offer opportunities for both buyers and sellers, with stable pricing and increased choice.
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