April 2022 Market Update

"Sales activity declined from last year’s astronomical record to the lower end of the average range for this time of year. New listings, on the other hand, posted a record showing for the month of April. With sales down and new listings up this meant that some much-needed supply flowed back into the market. If sales activity remains subdued compared to the red-hot activity of the past two years in the face of more interest rate increases on the horizon, we will likely see a rebalancing of the market over the remainder of the year to a point where potential buyers can finally see a more normal availability of listings from which to choose." said Luc Woolsey, President of the Barrie & District Association of REALTORS®. 

Simcoe County

• Simcoe County had 678 residential homes sold in April 2022. The number of units sold in April 2021 was down 42.7 %.
• The average price of residential homes sold was $907,891, which was 17.0% higher than April 2021.

Barrie

• In April 2022, 204 residential units in Barrie were sold. This was a decrease of 44.9 % from the number of units sold in April 2021.
• The average price of a residential Barrie unit sold in April 2022 was $894,160, up 23.1% from April 2021.

If you're thinking about buying or selling a home and have questions about the current market conditions, Let's talk.