A local realtors’ association has noted a year-over-year decline in housing sales for the region, while prices per unit continued to climb.
The Barrie and District Association of Realtors (BDAR) noted the sales activity decline is primarily due to the delayed spring market experience of 2020. BDAR also reported a slight month-over-month cooldown of the housing market in Simcoe County. However, there have been 60 per cent more sales in Simcoe County in the first six months of 2021 compared to the same timeframe last year.
There were 286 units sold in the City of Barrie in June, which was 22.3 per cent fewer than the number of units sold the month prior. A year ago, the number of homes sold in Barrie increased nearly 59 per cent from May to June. The average price of units sold last month was $747,533, a slight increase from the month prior, but a 6.6 per cent increase from 2020.
Simcoe County as a whole saw a nearly 12 per cent decline in the number of units sold in June compared to May. There was a 76 per cent increase in the number of units sold between May and June last year. The average price of a home in Simcoe County was $803,919 last month, a modest uptick from the month before.
Decreased sales were also noted in Innisfil, Orillia, and Essa Township. In Innisfil, there was a 14.7 per cent decrease in the number of homes sold month-over-month, while Orillia saw a 7 per cent decline from May to June. In Essa, there was a 31.8 per cent decline in housing sales in that timeframe.