February 15, 2024
Simcoe County's real estate market has demonstrated a strong start to 2024, according to the latest January Market Report by the Barrie & District Association of REALTORS® (BDAR). January's figures demonstrate significant year-over-year growth in sales and listings, with prices holding stable and an uptick in new listing activity, signaling a promising outlook for the market.
378 units were sold last month, representing a 15.60% increase compared to January 2023. Despite a slight decrease in average sale prices by 5.19% year-over-year to $790,292, the market remains resilient with a healthy balance of inventory and demand. Notably, new listings surged to 1,083, a dramatic 123.76% increase from December 2023, providing more opportunities for buyers entering the market.
"The January statistics reflect a vibrant and growing market in Simcoe County. With the rise in sales and listings, along with stable prices, we're observing a market that is adjusting well and poised for continued growth. The significant increase in new listings from last month is particularly encouraging, as it contributes to a balanced and healthy real estate environment,” said BDAR Chair, Lindsay Percy.
As the real estate market in Simcoe County continues to evolve, BDAR remains committed to providing detailed insights and analysis.
Disclaimer
The Barrie & District Association of REALTORS® cautions that over a period of time, the use of average price information can be useful in establishing trends, but it does not indicate actual prices in widely divergent areas or account for price differentials between geographical areas. The prices reflected in this media release are based on homes sold via the live TRREB MLS® system only.
Using a Local Professional REALTOR®
“REALTOR®” is a professional designation. A REALTOR® is a licensed real estate professional belonging to local, provincial and national associations. They have completed an intensive real estate program and have the skill set, expertise and experiences that you will need when buying or selling your home. Realtors® have a network of resources available at their fingertips. They understand financing and mortgage rules, insurance and liability coverage, and all the legal details involved in real estate. As a skilled negotiator, your local BDAR Realtor® will help you get the most value when buying or selling a home.
About BDAR
The Barrie & District Association of REALTORS® (BDAR) represents over 1,600 REALTORS® in the Barrie and Simcoe County region. BDAR provides its members leadership opportunities, professional development, and other tools and services to help them deliver a high standard of services to their clients. BDAR is community‐focused and believes that community prosperity is largely based on shelter and home ownership. The Association has a strong focus on affordable housing and helping first‐time buyers understand how to get on the housing ladder. To learn more visit https://bdar.ca