The Barrie & District Association of REALTORS® (BDAR) has released its latest market data for November 2024, highlighting continued resilience and growth in Simcoe County’s real estate market. The data shows significant year-over-year gains and slight month-over-month adjustments, indicating a market adapting to evolving conditions.
In November 2024, Simcoe County saw 617 home sales, representing a 63.23% increase from the 378 sales recorded in November 2023. Compared to October 2024, sales dipped by 6.66%, reflecting typical seasonal trends. The average sale price reached $811,934, up 3.41% from $785,161 a year ago, though down 3.78% from $843,791 in October 2024.
New listings totalled 1,432, marking a 9.06% increase compared to November 2023. However, this represents a 25.84% decrease from October 2024’s 1,931 new listings. Active listings stood at 3,613, a 58.60% rise year-over-year and a 4.76% increase from October 2024. The months of inventory sat at 5.86, indicating balanced market conditions.
"The significant year-over-year growth in sales reflects the ongoing demand and resilience of the Simcoe County real estate market," says BDAR's Chair, Robin Jones. "Buyers are continuing to see opportunities in our region, and with more active listings available, the market is offering greater flexibility and options. As we head into the new year, Simcoe County remains a dynamic and evolving market for buyers and sellers alike."
BDAR remains committed to supporting REALTORS® with the insights and expertise needed to help clients navigate Simcoe County’s diverse housing market.
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
Comentários