April 16, 2024
The Barrie & District Association of REALTORS® (BDAR) reveals a steady upward trajectory in Simcoe County's real estate market for March 2024. While sales slightly dipped by 1.35% from last year, a robust rebound from February to March of 18.17% signals a vibrant market. The average sale price climbed to $871,394, marking a 2.07% increase year-over-year, reflecting sustained market health.
Notably, new and active listings rose by 22.96% and 9.50% respectively from the previous month, despite a year-over-year decrease, indicating an active market with more choices for buyers.
"The March statistics showcase the resilience and adaptability of Simcoe County's real estate market. Despite a slight year-over-year decrease in sales, the substantial month-over-month increase and the continued growth in average prices demonstrate the underlying strength of our housing landscape," said BDAR Chair, Lindsay Percy. "The increase in new listings from last month is a positive sign, offering more options for buyers and contributing to a healthy market dynamic as we move into the spring market."
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