The Barrie & District Association of REALTORS® (BDAR) has released its latest market data for December 2024, showcasing the resilience and adaptability of Simcoe County’s real estate market. The data indicates robust year-over-year growth alongside predictable seasonal shifts, underscoring a market poised for continued evolution.
In December 2024, Simcoe County recorded 385 home sales, a notable 23% increase from the 313 sales registered in December 2023. Compared to November 2024, sales decreased by 37.50%, aligning with typical seasonal patterns. The average sale price reached $822,184, up 5.63% from $778,373 a year ago, while reflecting a modest 1.31% increase from $811,572 in November 2024.
New listings in December 2024 totalled 599, representing a 22.75% increase compared to December 2023, though down 60.20% from November 2024’s 1,505 new listings. Active listings stood at 2,573, a 73.38% rise year-over-year and a 28.80% decrease from November 2024. The months of inventory metric remained steady at 6.68, pointing to balanced market conditions that offer opportunities for both buyers and sellers.
“December’s year-over-year growth in sales and steady market conditions highlight the strength of Simcoe County’s housing market,” says BDAR’s Chair, Robin Jones. “As we close out 2024, the data reinforces our region’s attractiveness and adaptability, with more options available to buyers and sustained value for sellers. Looking ahead, Simcoe County continues to provide a dynamic landscape for real estate.”
BDAR remains steadfast in its commitment to equipping REALTORS® with the tools and market insights necessary to guide clients through Simcoe County’s diverse and ever-evolving housing market.
Disclaimer
The Barrie & District Association of REALTORS® cautions that over a period of time, the use of average price information can be useful in establishing trends, but it does not indicate actual prices in widely divergent areas or account for price differentials between geographical areas. The prices reflected in this media release are based on homes sold via the live TRREB MLS® system only.
Using a Local Professional REALTOR®
“REALTOR®” is a professional designation. A REALTOR® is a licensed real estate professional belonging to local, provincial and national associations. They have completed an intensive real estate program and have the skill set, expertise and experiences that you will need when buying or selling your home. Realtors® have a network of resources available at their fingertips. They understand financing and mortgage rules, insurance and liability coverage, and all the legal details involved in real estate. As a skilled negotiator, your local BDAR Realtor® will help you get the most value when buying or selling a home.
About BDAR
The Barrie & District Association of REALTORS® (BDAR) represents over 1,600 REALTORS® in the Barrie and Simcoe County region. BDAR provides its members leadership opportunities, professional development, and other tools and services to help them deliver a high standard of services to their clients. BDAR is community‐focused and believes that community prosperity is largely based on shelter and home ownership. The Association has a strong focus on affordable housing and helping first‐time buyers understand how to get on the housing ladder. To learn more visit https://bdar.ca
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