Market Update May 2024

We’re edging into summer but before you get into vacation mode, we want to share the Simcoe County Real Estate Market Update May 2024! May brought another month of a non-traditional spring market in our region, particularly in terms of volume or number of properties sold. Overall in Simcoe County, volume was down year-over-year 18.33% (over May 2023), however, May brought about a modest volume increase of 2% over April 2024. Barrie was the only city that saw a jump in sales in May, with 14.22% more sales than in April 2024.

Pricing was also muted this May, seeing modest increases month-over-month in Barrie, Essa and Oro-Medonte. Similarly, these municipalities, along with Clearview have shown modest average price increases year-over-year.

With the latest Bank of Canada announcement and the subsequent drop to mortgage rates, June should prove interesting to watch. While we still expect it to be a Buyer’s market, the change to Buyer sentiment may spur some more sales activity in our region. We’ll be sure to send you an update!

If you are contemplating a move, it’s important to chat about the nuances of the market. Reach out to us with all your real estate market questions. As always, you’ll get honest, straight-up answers! We hope you enjoy our Simcoe County Real Estate Market Update May 2024.

Scroll below the infographic for all the statistics from the Barrie & District Association of Realtors.


The prices reflected in this media release are based on homes sold via the live Toronto MLS® System only. 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 Realtor® will help you get the most value when buying or selling a home.


If you are thinking about listing, don’t miss our tips for getting your home listing ready! In this article, we share tips to ensure your home is putting it’s best foot forward so that you can get top dollar. Whether it’s enhancing your curb appeal or depersonalizing, there are some user-friendly ways to attract buyers.

If buying is in your future, make sure that you view our home buyers FAQ to get all your questions answered. We want to ensure that whether you are buying or selling, you are educated and ready to tackle the market!

As always, we are always here with honest answers to help you make the decision that is best for you!



On the hunt for the best Barrie real estate agent? We think you’ll find that here with one (or all) of our great team members!