Cornerstone Association of REALTORS - Simcoe and District

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.

MLS® home sales decline as tariff uncertainty strengthens, supply levels continue to rise

The number of homes sold in Simcoe & District via the MLS® System of the Cornerstone Association of REALTORS® (Cornerstone) totaled 70 units in March 2025. This was a sharp decrease of 21.3% from March 2024.

Home sales were 32.8% below the five-year average and 28.9% below the 10-year average for the month of March.

On a year-to-date basis, home sales totaled 187 units over the first three months of the year. This was down sharply by 11.4% from the same period in 2024.

“While home sales reached their lowest March level in over a decade, new listings soared to a new March record as sellers remain more motivated than ever to move their properties,” said Drew Hemsley, Cornerstone spokesperson for the Simcoe and District market area. “Canada escaped additional tariffs under the most recent U.S. Administration announcements, with the focus remaining on steel, aluminum, and the recently implemented auto imports. This might reassure consumers who anticipated more severe actions, but lingering uncertainty in the market may prompt buyers to act cautiously.”

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 $560,500 in March 2025, essentially unchanged, up just 0.3% compared to March 2024.

The benchmark price for single-family homes was $561,000, a slight gain of 0.3% on a year-over-year basis in March. By comparison, the benchmark price for townhouse/row units was $515,400, falling by 4.6% compared to a year earlier.

The average price of homes sold in March 2025 was $624,205, a decrease of 7.5% from March 2024.

The more comprehensive year-to-date average price was $620,804, a small reduction of 1.1% from the first three months of 2024.

The dollar value of all home sales in March 2025 was $43.7 million, a substantial decline of 27.2% from the same month in 2024.

The number of new listings saw a gain of 19.1% from March 2024. There were 231 new residential listings in March 2025. This was also the largest number of new listings added in the month of March in history.

New listings were 25.3% above the five-year average and 38.8% above the 10-year average for the month of March.

Active residential listings numbered 458 units on the market at the end of March, up by 26.5% from the end of March 2024. Active listings haven’t been this high in the month of March in a decade.

Active listings were 76.6% above the five-year average and 80.7% above the 10-year average for the month of March.

Months of inventory numbered 6.5 at the end of March 2025, up from the 4.1 months recorded at the end of March 2024 and above the long-run average of 2.9 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.