Fewer homes sold in Barrie last month than the month before, prices continue to climb

Realtors Association says sales this year more like a regular cycle than last year

New numbers from Barrie-area realtors indicate the number of houses changing hands across Simcoe County has gone down year-over-year, but that housing prices continue to climb.

The Barrie and District Association of Realtors (BDAR) says the average price of a home in Barrie was $779,367 in September 2021, a 35.2 per cent increase to the average price of a home sold in September 2020. There were 229 units sold in the city last month, 13.4 per cent more than in August, but 28.4 per cent less than the number of units sold in September 2020.

Sales in Barrie accounted for 31.1 per cent of residential sales in Simcoe County last month.

BDAR reports 508 residential units sold in Simcoe County (excluding Barrie) last month. This is a 4.3 per cent increase from August and a 27.2 per cent decrease from the number of homes sold in September 2020. The average price per unit last month was $811,649, a 1.3 per cent decrease from August but 23.3 per cent higher than a year ago.

According to BDAR, a delayed spring market occurred this time last year, which substantially increased the number of units sold. BDAR adds sales this year returned to a more regular sales cycle.