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One last look back at 2022 as we take in the December Market Stats For Barrie. We saw a large decrease in sales activity where December sales were down 49% compared to 2021. Over the course of the year, 2077 properties were sold in Barrie. There’s lots of opportunities for Buyers right now but don’t forget that seller’s are still getting top dollar for their properties. Although prices are down compared to Dec 2021 (-17%, $708,000), it’s important to remember that, year to date, the average sale price is $830,113 and compared to last month, we also saw 0.7% rise.

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index…/whats-my-property-worth/

Stats are correct as of January 16th. Based on December 2021 v December 2022

“Although home sales are still trending well below average levels for this time of year, looking through the seasonality on a month-to-month basis we can see that activity has stabilized at slightly higher levels over the past few months after reaching a bottom in July,” said Luc Woolsey, President of the Barrie & District Association of REALTORS®.

“New listings remain at historically strong levels and have raised overall inventories to levels not seen since mid-2019. There may still be some trepidation among buyers waiting to come back into the market as we continue adjusting to a highest interest rate environment, but sellers have proven they are not shying away from listing their homes through MLS®.”

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index.php/whats-my-property-worth/

Stats are correct as of Tuesday December 13th. Based on November 2021 v November 2022

Housing market activity continues to trend well below typical levels for the month of September as higher interest rates continue to erode affordability.

On the flipside, the overall inventory of homes on the market are well up from their rock bottom levels seen earlier in the year, which is good news for anyone looking to purchase or for those who have been waiting on the sidelines for an opportunity to enter the housing market.

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index.php/whats-my-property-worth/

Stats are correct as of Thursday October 6th. Based on September 2021 v September 2022

The kids are back at school and summer is winding down, so how’s the market looking? The anticipated, yearly slow down of the market was in effect during August. As people try to make the most of the end of summer, prepare for kids returning to school and with more interest hikes, we saw a year over year decrease in sale prices for Barrie of 5%. However, year to date the average sale price has risen more than 20% to $970,175.

A huge increase in active listings of more than 200% compared to 2021 has seen buyers have many options that were lacking in the earlier parts of the year. Sellers are still holding out for the prices they saw in early 2022 but taking the Bank Of Canada interest rate increases into consideration, we’re seeing a slowing down of the market. With more interest hikes in the pipeline, it’s still a great time to find that dream home.

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index.php/whats-my-property-worth/

Stats are correct as of Thursday September 15th. Based on August 2021 v August 2022

Home sales have declined sharply since February of this year, due almost entirely to a rapid set of steep interest rate increases that have brought mortgage rates up from historical lows. There’s going to be a lot of adjustment on both sides of the market over the remainder of the year as all participants revise their expectations – buyers on what they can afford and sellers on price expectations. We’ve still got a few more rate hikes expected before year end, so we anticipate the market to continue rebalancing as supply outpaces demand for the time being.

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index.php/whats-my-property-worth/

Stats are correct as of Thursday August 11th. Based on July 2021 v July 2022

Although the average sale price went up, home sales continued to decline in June, with activity remaining slightly below what would be considered typical levels for this month. The market has been turned on its head – less than six months ago we were facing some of the tightest conditions in history, with demand outpacing supply by an extraordinary margin, and now those trends are beginning to reverse. In addition to sales dropping below average levels, new listings returned to the market at the fastest rate for any June in history. The current level of available listings on the market also popped up above 1,000 for the first time since October 2019.

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index.php/whats-my-property-worth/

Stats are correct as of Thursday July 14th. Based on June 2021 v June 2022

Recent interest rate increases have taken a bite out of demand, with more moderation expected in the face of the most recent and sizeable hike at the beginning of June. Our market is very well supplied at the moment, with the highest number of new listings in any May in history bringing some much-needed relief to the supply side and restoring balance to the market. With conditions finally appearing to move out of the unprecedented tightness of the past two years and available listings on the market rising from historical lows we might begin seeing previously sidelined buyers return to the market.

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index.php/whats-my-property-worth/

Sales activity declined from last year’s astronomical record to the lower end of the average range for this time of year. New listings, on the other hand, posted a record showing for the month of April. With sales down and new listings up this meant that some much-needed supply flowed back into the market. If sales activity remains subdued compared to the red-hot activity of the past two years in the face of more interest rate increases on the horizon, we will likely see a rebalancing of the market over the remainder of the year to a point where potential buyers can finally see a more normal availability of listings from which to choose.

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index.php/whats-my-property-worth/

Home sales were down considerably from last year’s unprecedented March record but still came in well above typical levels for this time of year. A substantial influx of new supply was a very welcome sight in March. Overall inventories had previously dropped to the lowest levels on record with little relief in sight, and although the market is still experiencing some of the tightest conditions in history at least we have a bit more breathing room. The resurgence of supply may be an early start to the spring market, so we’ll see how much more of this comes to market and to what extent buyer appetites absorb this new inventory.

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index…/whats-my-property-worth/