BDAR Stats: June 2024
- BDAR
- Jul 11, 2024
- 2 min read
The Barrie & District Association of REALTORS® (BDAR) reports a mixed performance in Simcoe County's real estate market for June 2024. Despite a year-over-year sales decrease, the average sale price remains relatively stable, reflecting underlying market resilience.
Sales in Simcoe County experienced a significant year-over-year decline, with 627 homes sold in June 2024, down 20.43% from June 2023. However, compared to May 2024, sales dropped by a smaller margin of 12.06%. The average sale price decreased slightly by 2.81% year-over-year to $861,188 but saw a modest increase of 2.21% from May 2024.
New listings were down by 11.16% year-over-year and 11.13% month-over-month, with 2,029 new listings in June 2024. Active listings, however, surged by 49.53% year-over-year and 5.00% over last month, indicating a well-supplied market. The months of inventory increased by 87.92% year-over-year, reflecting a shift towards a buyer's market.
"The June statistics illustrate a market in transition. While sales have dipped compared to last year, the stability in average prices and a substantial inventory highlight the underlying strength of Simcoe County's housing market," says BDAR Chair, Lindsay Percy." The increase in active listings provides buyers with more choice and negotiating power, contributing to a balanced market.”
As the real estate market in Simcoe County continues to evolve, BDAR remains committed to providing comprehensive insights and analysis to support informed decision-making for both buyers and sellers.
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
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