House sales down, prices up last month in Barrie

Market was balancing over the year

Fewer houses sold in Barrie last month compared to November…but they sold for more.

More than 100 (103) homes changed hands – down from 167 the month before. The average selling price was up 2.4 percent to $464,193.

In Simcoe County, there was a 1% boost in the average price to $481,367 with a slight decline in units sold.

“2018 was an interesting year in the housing market – we had new mortgage rules come into play and saw a market that was balancing over the year.”
– Tanai Artenosi, 2019 BDAR President

Year over year, sales were 20.4% in Barrie but prices were slightly higher (0.7%) at an average $485,815.

There was a 13.8% decline in sales in Simcoe County with an average price of $499,233 – 3.9% less than the average for 2017.

Tags: Barrie, Barrie and District Association of Realtors, Housing, prices, Real Estate, Simcoe County