With summer in full swing, we are sure that you are enjoying time with friends and family in the sunshine, however, we are going to give you a quick Simcoe County Real Estate Market Update June 2024 to read while sipping coffee on the dock!
For Simcoe County in general, we continued to see a drop in sales volume year-over-year (20.43%) and month-over-month (12.06%), along with a slight drop in sales price year-over-year (-2.81%) but a slight increase in pricing month-over-month (2.21%). The anticipated bump in the market from the Bank of Canada rate drop did not materialize and we are still continuing to see an overall downward trend on both sales and pricing.
Innisfil stands alone as the municipality that saw both an increase in sales volume month-over-month at 6.15%and an increase in pricing month-over-month at 6.50%. The majority of markets saw drops in both pricing and sales volume, with some being quite significant!
If for some reason it feels like every other house is for sale in your neighbourhood….it’s because it’s kind of true! The number of active listings in June across Simcoe County were almost 50% more than the number of active listings in June 2023, which means buyers have a lot of options. This is slowing the pace of sales and affecting pricing.
If you are contemplating a move, it’s important to chat about the nuances of the market. Reach out to us with all your real estate market questions. As always, you’ll get honest, straight-up answers! We hope you enjoy our Simcoe County Real Estate Market Update June 2024.
Scroll below the infographic for all the statistics from the Barrie & District Association of Realtors.
Disclaimer
The prices reflected in this media release are based on homes sold via the live Toronto MLS® System only. The Barrie & District Association of REALTORS® cautions that over a period of time the use of average price information can be useful in establishing trends, but it does not indicate actual prices in widely divergent areas or account for price differentials between geographical areas. The prices reflected in this media release are based on homes sold via the live TRREB MLS® system only.
Using a Local Professional REALTOR®
“REALTOR®” is a professional designation. A REALTOR® is a licensed real estate professional belonging to local, provincial and national associations. They have completed an intensive real estate program and have the skill set, expertise and experiences that you will need when buying or selling your home. Realtors® have a network of resources available at their fingertips. They understand financing and mortgage rules, insurance and liability coverage, and all the legal details involved in real estate. As a skilled negotiator, your local Realtor® will help you get the most value when buying or selling a home.
If you are thinking about listing, don’t miss our tips for getting your home listing ready! In this article, we share tips to ensure your home is putting it’s best foot forward so that you can get top dollar. Whether it’s enhancing your curb appeal or depersonalizing, there are some user-friendly ways to attract buyers.
If buying is in your future, make sure that you view our home buyers FAQ to get all your questions answered. We want to ensure that whether you are buying or selling, you are educated and ready to tackle the market!
As always, we are always here with honest answers to help you make the decision that is best for you!