Cornerstone Association of REALTORS - Norfolk County

The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.

The number of homes sold in Simcoe & District via the MLS® System of the Cornerstone Association of REALTORS® (Cornerstone) totaled 103 units in July 2025. This was up modestly by 3% (three sales) from July 2024.

Home sales were 5.1% above the five-year average and 9.8% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 591 units over the first seven months of the year. This was a decrease of 4.5% from the same period in 2024.

“The number of MLS® listed homes sold in July pushed back above the 100 mark, slightly higher than the five-year average and a positive sign of steady demand. Like many markets across Southern Ontario, new listings saw a notable year-over-year jump, with July’s total coming in well above the seasonal norm,” said Drew Hemsley, Cornerstone spokesperson for the Simcoe and District market area. “Overall inventory held steady from June and continues to trend higher than what’s typical for this time of year, giving buyers more choice and flexibility. While the MLS® HPI composite benchmark price dipped slightly from July 2024, it remains up compared to the end of last year. Market conditions continue to lean in favour of buyers as they have through most of 2025.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $550,000 in July 2025, falling by 3.2% compared to July 2024.

The benchmark price for single-family homes was $550,400, a modest decline of 3.2% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $518,600, down by 6.1% compared to a year earlier.

The average price of homes sold in July 2025 was $621,772, a small reduction of 2.3% from July 2024.

The more comprehensive year-to-date average price was $627,365, decreasing by 1.7% from the first seven months of 2024.

The dollar value of all home sales in July 2025 was $64 million, up only 0.6% from the same month in 2024.

The number of new listings was up by 23.4% from July 2024. There were 248 new residential listings in July 2025. This was also the largest number of new listings added in the month of July in history.

New listings were 26% above the five-year average and 43% above the 10-year average for the month of July.

Active residential listings numbered 592 units on the market at the end of July, an increase of 10% from the end of July 2024. Active listings haven’t been this high in the month of July in a decade.

Active listings were 49.6% above the five-year average and 75.2% above the 10-year average for the month of July.

Months of inventory numbered 5.7 at the end of July 2025, up from the 5.4 months recorded at the end of July 2024 and above the long-run average of 3.3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.