August statistics reflect a market that is balancing itself after a period of heightened activity. With active listings growing and inventory levels rising, buyers are benefiting from more choices, while sellers are still experiencing stable demand. This equilibrium is helping to create favourable conditions for both sides of the market.
Across the region, we’ve seen up and downs in all the major categories this month. Increases included; Active Listings and Average Price, whilst decreases included Sales Activity and New Listings. This follows the trend that we saw during the pandemic that prices will rise as interest rates drop. With prices up, this is great news for sellers whilst this month brings great news for Buyers too with Active Listings seeing a bump.
In our communities we saw an decrease across the board in Sales Activity with the largest decrease being in Penetanguishene with 54%. Also across the board in our communities we saw an increase in Active Listings with the largest increase coming in Penetanguishene at 77%, we did see very small decreases in Tay and Springwater of -3% and -1%. We also saw a rise in Average Price in the majority of local communities with the biggest being in Springwater with 29%. August showed us a strong market for both Buyers and Sellers and we anticipate a busy beginning to the Fall Market.
The July statistics demonstrate the resilience of Simcoe County’s real estate market. While we see slight decreases in month-over-month sales and prices, the year-over-year growth in sales and new listings highlights the ongoing demand and stability in the region.
The increase in active listings is providing buyers with more opportunities, and we expect this balanced market to continue offering favourable conditions for both buyers and sellers.
Across the region, we’ve seen increases in all the major categories this month. Increases included; Sales Activity, New Listings, Active Listings and Average Price. This follows the trend that we saw during the pandemic that prices will rise as interest rates drop. With prices up, this is great news for sellers whilst this month brings great news for Buyers too with Active Listings and New Listings both seeing a bump.
In our communities we saw an increase across the board in Average Price with the largest increase being in Tay Township with 30%. Also across the board in our communities we saw an increase in Active Listings with the largest increase coming in Penetanguishene at 53%. We also saw a rise in Sales Activity in the majority of local communities with the biggest being in Tay with 50%. July showed us a strong market for both Buyers and Sellers and we anticipate a busy end to the Summer Market as look towards the Fall.
The Barrie real estate market is showing resilience despite the fluctuations observed in June. While we are seeing a decrease in sales compared to last year, the month-over-month growth is a positive indicator. The increase in active listings provides more options for buyers, and we anticipate a balanced market as we move forward.
These trends indicate a cautious adjustment in the real estate landscape, as buyers and sellers continue to navigate changing market conditions. The overall impact on home prices, coupled with the rising months of inventory, suggests a nuanced environment for buyers and sellers alike
Across the region we see that active listings are up 34% and the median price is up 2% from last year. New Listings are also up 7% and the list to sale ratio is sitting at a very strong 97%. Good news for buyers and sellers alike!
In Springwater and Penetang we saw Average Price increases with a large incease of 18% in Springwater! We saw large increases across the board for active listings in our community, even seeing a 55% increase in Midland. As we move through the Summer Market, we did see a slow down in sales activity. This was expected as many buyers were eagerly awaiting the first rate reduction in 4 years. With plenty of inventory and now more purchasing power for buyers, we expect to see a busy end to the Summer Market.
The Simcoe County real estate market is showing resilience despite the fluctuations observed in May. While we are seeing a decrease in sales compared to last year, the month-over-month growth is a positive indicator. The increase in active listings provides more options for buyers, and we anticipate a balanced market as we move forward.
These trends indicate a cautious adjustment in the real estate landscape, as buyers and sellers continue to navigate changing market conditions. The overall impact on home prices, coupled with the rising months of inventory, suggests a nuanced environment for buyers and sellers alike.
May was a strong month as we begin to see the Spring Market transition into the Summer Market. Across the region we see that active listings are up 39% and the median price is up 5% from last year. New Listings are also up 10% and the list to sale ratio is sitting at a very strong 98%. Good news for buyers and sellers alike!
In Midland and Penetang we saw Average Price increases with a large incease of 10% in Penetang! We saw large increases across the board for active listings in our community, even seeing a 59% increase in Midland. As we move towards the end of the Spring Market, we did see a slow down in sales activity. This was expected as many buyers were eagerly awaiting the first rate reduction in 4 years. With plenty of inventory and now more purchasing power for buyers, we expect to see a busy Summer Market.
March was another strong month in the local market and those numbers continued into April, however when compared to the market this time last year we do see some small declines. Despite this, across the region we see that active listings are up 34% and the median price is just 1% down from last year. Good news for buyers and sellers alike!
In Midland, Penetang and Tiny we saw Average Price increases with a huge incease of 27% in Penetang! We saw large increases across the board for active listings in our community, even seeing a 53% increase in Penetanguishene. As we dive deeper into the Spring Market, we are seeing lots of optimism with plenty of active listings available to buyers whilst interest rates being held signals good news for sellers hoping to maintain healthy sale prices.
The March market statistics are a testament to Simcoe County’s vibrant real estate sector. Another sales increase, coupled with a steady rise in average prices, reflects the robust demand and confidence in our market. Although we didn’t see a year over year increase in new listings – we did see a gain of almost 300 listings compared to last month, ensuring a balanced market conducive to both buyers and sellers
