NEWS RELEASE
BARRIE & DISTRICT ASSOCIATION OF REALTORS
*************************
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 per cent increase compared to the 454 sales in October 2023. This also marks a 17.44 per cent rise from September 2024.
The average sale price for the month was $843,640, showing a slight year-over-year increase of .24 per cent and a modest 1.72 per cent decrease from September 2024, reflecting the market’s stabilization.
New listings in October 2024 totalled 1,718, a 3.62 per cent rise from the previous year. However, this represents a 16.03 per cent decrease compared to September 2024.
Active listings saw a significant year-over-year increase of 23.55 per cent, reaching 3,436, but experienced a 6.17 per cent decrease month-over-month. The months of inventory stood at 5.21, down 15.01 per cent from October 2023 and 20.1 per cent 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.
See the October 2024 full report.
*************************
