BDAR Stats: October 2024
- BDAR
- Nov 13, 2024
- 2 min read
November 13, 2024
The Barrie & District Association of REALTORS® (BDAR) has released its latest data, showcasing a robust performance in Simcoe County’s real estate market for October 2024, characterized by year-over-year growth and notable month-over-month changes.
In October 2024, home sales in Simcoe County reached 660 units, representing a 45.37% increase compared to the 454 sales in October 2023. This also marks a 17.44% rise from September 2024. The average sale price for the month was $843,640, showing a slight year-over-year increase of 0.24% and a modest 1.72% decrease from September 2024, reflecting the market’s stabilization.
New listings in October 2024 totaled 1,718, a 3.62% rise from the previous year. However, this represents a 16.03% decrease compared to September 2024. Active listings saw a significant year-over-year increase of 23.55%, reaching 3,436, but experienced a 6.17% decrease month-over-month. The months of inventory stood at 5.21, down 15.01% from October 2023 and 20.10% from September 2024, pointing to a competitive yet balanced market.
“October’s data reflects a market that is adapting and thriving despite broader economic factors. We see increased sales and active listings providing a healthier dynamic where both buyers and sellers can engage with confidence. Moving into the holiday season, we expect these balanced conditions to support steady activity,” said BDAR Chair Lindsay Percy.
BDAR remains dedicated to delivering up-to-date market analysis and supporting clients in navigating Simcoe County’s real estate landscape effectively.
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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