Simcoe County Real Estate Market Update February 2024
February witnessed a substantial 37.5 percent increase in sales, totalling 557 units sold, accompanied by a modest 3.4 percent uptick in the average sale price to $839,675 compared to the same period in 2023. Despite a decrease in new listings year-over-year, the market exhibited resilience with an 18.47 percent surge in new listings from the previous month. This influx of listings offers prospective buyers more options and contributes to a balanced market environment, further bolstering Simcoe County’s real estate landscape.
This positive trajectory is sustained by Simcoe County’s robust population growth, which continues to drive demand for housing despite higher borrowing costs. The market’s resilience is further reinforced by the expectation of easing interest rates, hinting at a continued optimistic outlook for both home sales and listings in the region.
The Rich Fournier Real Estate Team is focused on helping you navigate the real estate market with honesty and experience.
Selling a home in 2024 is very different than selling a home in 2022. It takes skill and expertise that most agents do not have.
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 February 2024.
Scroll below the infographic for all the statistics from the Barrie & District Association of Realtors.
