Barrie & District Association of REALTORS® Inc.

The Barrie & District Association of REALTORS® (BDAR) reports a dynamic performance in Simcoe County’s real estate market for September 2024, showing year-over-year growth and steady month-over-month changes as market conditions continue to evolve.

In September 2024, home sales in Simcoe County totaled 564 units, an 11.9% increase from the 504 sales in September 2023. Month-over-month, sales saw a modest rise of 0.71% compared to August 2024. The average sale price for the month reached $858,422, a 4.36% year-over-year increase and a 4.15% rise from the previous month, indicating a sustained upward trend in property values.

New listings surged in September 2024, with 2,045 properties hitting the market, marking a 7.92% year-over-year increase and a notable 21.36% rise from August 2024. Active listings followed a similar pattern, climbing 29.91% year-over-year to 3,661, while also increasing by 5.78% month-over-month. The months of inventory expanded to 6.49 months, reflecting a more balanced market with greater opportunities for buyers.

“September’s statistics reveal a market that is maintaining its upward momentum. The combination of rising prices, increased inventory, and consistent sales activity is creating a healthier market dynamic where both buyers and sellers can thrive. As we head into the fall season, we anticipate this balanced trend to continue,” says BDAR Chair, Lindsay Percy

BDAR remains committed to providing accurate and timely market insights, helping clients navigate the evolving Simcoe County real estate market with confidence.