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The Spring market is in full swing and the Barrie & District real estate market continues to show resilience amidst challenging times. The number of sales in April 2023 increased compared to the same period last year and we are encouraged to see a rebound from the previous months. Although new listings are well below the historical averages, the number of active listings remained in line with long-term trends. Overall, the market has continued to stabilize, providing opportunities for both buyers and sellers in the coming months.

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 May 19th. Based on April 2022 v April 2023

““As we enter the spring season, the Barrie & District real estate market continues to show resilience amidst challenging times. While the number of sales in March 2023 decreased compared to the same period last year, we are encouraged to see a rebound from the previous month.” said Luc Woolsey, President of the Barrie & District Association of REALTORS®. “Although new listings were well below the historical averages, the number of active listings remained in line with long-term trends. Overall, the market has stabilized, providing opportunities for both buyers and sellers in the coming months.””

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 April 14th. Based on March 2022 v March 2023

“Sales activity and new listings are still coming in below typical levels for this time of year, and it may be the case that the latter is leading the former. In other words, you can’t buy or sell what isn’t there,” said Luc Woolsey, President of the Barrie & District Association of REALTORS®. “Sellers are not yet motivated to return to the market in pre-pandemic numbers. However, looking at the MLS® HPI benchmark price it seems that declines have bottomed out and prices have been running flat, with a small uptick in February. There’s a healthy amount of inventory on the market but it appears to be at the beginning of a decline. Once we get through the better part of the spring market all of these trends will become clearer.”

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 March 28th. Based on February 2022 v February 2023

Our first look in 2023 at how the market is shaping up in Barrie. We saw a large decrease in sales activity where January sales were down 40% compared to 2022. However, 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 the spikes of Jan 2022 (-23%, $724,037), it’s important to remember that, for the second consecutive month sale prices continue to raise when compared to the previous month – a rise of 3%. This is also the same for units sold where we saw 30 more properties sold in January when compared to December. 

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 February 14th. Based on January 2022 v January 2023

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