BDAR Stats: July 2024

The Barrie & District Association of REALTORS® (BDAR) reports a mixed performance in Simcoe County's real estate market for July 2024. While the year-over-year figures show some gains, the month-over-month numbers indicate a slight cooling as the market continues to stabilize.

Sales in Simcoe County saw a slight year-over-year increase, with 601 homes sold in July 2024, up 2.04% from July 2023. However, compared to June 2024, sales dropped by 4.15%. The average sale price showed a marginal decline, decreasing by 1.09% year-over-year to $854,169, and a smaller decrease of 0.82% from June 2024.

New listings increased by 14.32% year-over-year, with 1,884 new listings in July 2024, though they dropped by 7.15% compared to June 2024. Active listings surged by 43.73% year-over-year and remained stable with a 0.52% increase over last month, suggesting a well-supplied market. The months of inventory rose by 40.86% year-over-year, indicating a shift towards a more balanced 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," says BDAR Chair, Lindsay Percy. "The increase in active listings is providing buyers with more opportunities, and we expect this balanced market to continue offering favorable conditions for both buyers and sellers."

As the real estate market in Simcoe County continues to evolve, BDAR remains dedicated to delivering comprehensive insights and analysis to help buyers and sellers make informed decisions.

See the July 2024 Full Report

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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