NEWS RELEASE
BARRIE & DISTRICT ASSOCIATION OF REALTORS
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Simcoe County's real estate market continues its upward trajectory in 2024, according to the latest February Residential Market Report by the Barrie & District Association of Realtors (BDAR).
Reflecting a positive momentum, February saw a 37.5 per cent surge in sales totalling 557 units sold, and a modest increase of 3.4 per cent in the average sale price to $839,675 compared to February 2023.
Despite a year-over-year decrease in new listings, Simcoe County’s real estate market continues to exhibit promising signs of growth, with new listings climbing 18.47 per cent from last month, offering increased options for potential buyers and contributing to a balanced market environment.
Simcoe County's real estate landscape is sustained by robust population growth and a strong economy, maintaining a healthy demand for housing despite the backdrop of higher borrowing costs.
The market's resilience is further underscored by the anticipation of easing interest rates, suggesting a continued positive outlook for home sales and listings in the region.
"The February market statistics are a testament to Simcoe County's vibrant real estate sector," said BDAR chair Lindsay Percy.
"The significant sales increase, coupled with a steady rise in average prices, reflects the robust demand and confidence in our market. The growth in new listings is particularly promising, ensuring a balanced market conducive to both buyers and sellers.”
See the February 2024 Full Report
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