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.

The number of homes sold in Simcoe & District via the MLS® System of the Cornerstone Association of REALTORS® (Cornerstone) totaled 90 units in April 2025. This was down sharply by 25.6% from April 2024.

Home sales were 18.5% below the five-year average and 15.4% below the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 275 units over the first four months of the year. This was a decrease of 17.2% from the same period in 2024.

“Sales slowed compared to last April’s total while new listings, though also down year over year, remained robust, outpacing sales by nearly 2.5 to 1. As a result, inventory climbed for the fourth consecutive month, hitting its highest monthly total since September 2024 and significantly surpassing typical seasonal levels,” said Drew Hemsley, Cornerstone spokesperson for the Simcoe and District market area. “Despite this surge in listings, benchmark prices remained steady, virtually unchanged from last month and April 2024. With market conditions increasingly favouring buyers, now is the perfect time to connect with your local REALTOR® to help navigate the current opportunities.”

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 $563,900 in April 2025, a slight reduction of 0.1% compared to April 2024.

The benchmark price for single-family homes was $564,500, unchanged on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $512,700, a decline of 6.1% compared to a year earlier.

The average price of homes sold in April 2025 was $617,955, a moderate decrease of 5.5% from April 2024.

The more comprehensive year-to-date average price was $619,305, decreasing by 2.8% from the first four months of 2024.

The dollar value of all home sales in April 2025 was $55.6 million, a sharp decrease of 29.7% from the same month in 2024.

The number of new listings fell by 11.6% from April 2024. There were 220 new residential listings in April 2025.

New listings were 8.6% above the five-year average and 29.7% above the 10-year average for the month of April.

Active residential listings numbered 490 units on the market at the end of April, an increase of 14.2% from the end of April 2024. Active listings haven’t been this high in the month of April in a decade.

Active listings were 66.8% above the five-year average and 77.9% above the 10-year average for the month of April.

Months of inventory numbered 5.4 at the end of April 2025, up from the 3.5 months recorded at the end of April 2024 and above the long-run average of 2.8 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.