BDAR Stats: September 2024
- BDAR
- Oct 16, 2024
- 2 min read
The Barrie & District Association of REALTORS® (BDAR) reports a dynamic performance in Simcoe County's real estate market for September 2024, showing year-over-year growth and steady month-over-month changes as market conditions continue to evolve.
In September 2024, home sales in Simcoe County totaled 564 units, an 11.9% increase from the 504 sales in September 2023. Month-over-month, sales saw a modest rise of 0.71% compared to August 2024. The average sale price for the month reached $858,422, a 4.36% year-over-year increase and a 4.15% rise from the previous month, indicating a sustained upward trend in property values.
New listings surged in September 2024, with 2,045 properties hitting the market, marking a 7.92% year-over-year increase and a notable 21.36% rise from August 2024. Active listings followed a similar pattern, climbing 29.91% year-over-year to 3,661, while also increasing by 5.78% month-over-month. The months of inventory expanded to 6.49 months, reflecting a more balanced market with greater opportunities for buyers.
"September's statistics reveal a market that is maintaining its upward momentum. The combination of rising prices, increased inventory, and consistent sales activity is creating a healthier market dynamic where both buyers and sellers can thrive. As we head into the fall season, we anticipate this balanced trend to continue," says BDAR Chair, Lindsay Percy
BDAR remains committed to providing accurate and timely market insights, helping clients navigate the evolving Simcoe County real estate market with confidence.
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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I never really thought about BDAR Stats: September 2024 in this way before, but reading how the report frames Simcoe County’s 564 home sales (up 11.9% from 2023, 0.71% from August), an average price of $858,422 (4.36% higher than a year ago and 4.15% up from August), and inventory swelling to 6.49 months of supply made me appreciate how much the piece is really about signaling a “less‑hot‑panic, more‑steady‑rise” real‑estate phase, where prices are still climbing but the surge in new listings (2,045 units, +7.92% YoY, +21.36% MoM) and active inventory (3,661, up 29.91% YoY) is tilting the market toward balance instead of classic seller‑frenzy. It’s striking to see how BDAR, as a 1,600‑member‑REALTOR®‑body, explicitly leans into the “healthier‑market‑dynamic” line—“rising…
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