As we close the chapter on 2024, the housing market update December 2024 for Simcoe County continues to reflect both seasonal trends and the resilience of the region’s real estate sector. December delivered a mix of steady year-over-year growth and the expected slowdown that comes with the holiday season.
The county recorded 385 home sales in December, marking a significant 23% increase compared to December 2023. However, in line with typical seasonal patterns, sales were down 37.5% from November. This dip, while notable, reflects a natural ebb in activity during the colder months rather than a sign of diminishing demand.
Home values continued to show strength, with the average price climbing to $822,184—a 5.63% year-over-year increase. Month-over-month, prices edged up 1.31%, signaling stability in a market where demand continues to support upward momentum. Inventory levels also played a pivotal role, with active listings at 2,573, up a striking 73.38% from last year. However, compared to November, inventory was down by 28.8%, leading to 6.68 months of inventory—a balanced level that provides opportunities for both buyers and sellers.
Barrie remained a steady presence in the regional market. With 109 homes sold in December, sales were nearly unchanged from the previous year, showing only a slight 1.8% decline. The average price in Barrie saw a modest 2.04% increase, rising to $715,080, while a significant jump in active listings—up 56.7% from December 2023—offered buyers more choices than they’ve seen in recent months.
Bradford West Gwillimbury stood out with the highest average home price in Simcoe County, reaching $1,112,414, a 5.92% increase compared to December 2023. Although sales softened slightly, the market continues to attract buyers drawn to its premium properties and convenient location.
Innisfil also had a strong December, with sales rising 31.43% year-over-year. The average home price increased 3.04% to $813,168, underscoring the town’s appeal to families and investors alike. Meanwhile, Orillia experienced a 120% surge in sales activity, making it a standout performer in the region. The average price in Orillia climbed 9.37% to $701,773, showcasing the growing value the town offers.
December’s numbers highlight a market that is balancing opportunity for buyers with strong pricing for sellers. Buyers are benefitting from an increased selection of homes, while sellers are still seeing solid year-over-year price appreciation across the county.
If you’re curious about how these trends impact your goals or want personalized advice for the year ahead, don’t hesitate to reach out. Together, we can make 2025 the year you achieve your real estate dreams.
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