The latest statistics show that the Simcoe County real estate market continues to shift in favour of buyers. Inventory levels are holding strong, and while sales activity is steady, prices continue to adjust.
In September, there were 440 residential sales across Simcoe County, which represents an 8.9 percent increase compared to September of last year and an 8 percent increase over August. Although more homes are selling, prices are trending downward compared to last year. The average sale price across the region was $819,742, down 7.3 percent from September 2024. On a month-over-month basis, however, prices rose slightly by 2.2 percent.
The number of new listings rose 10.4 percent compared to last year and jumped 20.6 percent from August, while active listings grew to 2,643. This is a 16 percent year-over-year increase and indicates that buyers continue to have plenty of choice. The average days on market remains at 32, and months of inventory is steady at 5.5, signalling that homes are taking time to sell and buyers are not rushing into decisions.
Barrie had a strong month, with sales up 5.4 percent compared to last year and 8.6 percent from August. The average sale price came in at $706,668, down just over 4 percent from last September, but up 2.7 percent month over month. The number of new listings surged by 22.2 percent from August, offering more options to buyers and increasing the importance of accurate pricing and professional presentation for sellers.
Bradford presents an interesting case. Sales were up 20 percent compared to last year but dropped sharply from August. Despite this, the average sale price rose more than 6 percent month over month and is now sitting above $1 million. New listings were also up nearly 27 percent year over year, adding further pressure for sellers to compete on value and marketing.
Essa had one of the strongest price increases in the region. The average sale price rose by 19.9 percent year over year and 28.5 percent from August, hitting $1,028,333. While sales volume fell 14.3 percent compared to last September and month over month, the surge in pricing may reflect a concentration of higher-end sales. Inventory levels also increased by over 24 percent, offering buyers more options to choose from.
The market across Simcoe County is showing signs of balance returning, with buyers having more negotiating power and sellers needing to adapt to shifting expectations. Pricing correctly and presenting a property well is more important than ever. While activity is holding steady in many areas, inventory growth and economic sentiment are keeping prices from rising significantly.
If you are curious about what these changes mean for your property or if you are considering making a move this fall, I am happy to provide a personalized, no-pressure market evaluation – contact me today.
Rich Fournier
Disclaimer
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!