Barrie and District home sales remain at lower levels in March; supply is back at more normal levels for this time of year with residential property sales recorded in the region numbing 370 units in March 2018. This was a decline of 49.5% from the all-time monthly record in March 2017.

On a year-to-date basis, home sales totaled 855 units over the first three months of the year. This was down 41.2% from the same period in 2017.

Within the City of Barrie, sales activity fell 57.2% on a year-over-year basis in March 2018. The City of Barrie saw 166 residential sales in February 2018. A year-over year decrease of 40.8% was recorded in surrounding areas, where sales activity totaled 203 units.

The year-to-date average price was $513,359, down 6.9% from the first three months of 2017.

The year-to-date average price figure for homes sold within the City of Barrie at this point in 2018 was $521,965. This was a decrease of 7% compared to the average selling price in the first three months of 2017.

Active residential listings numbered 1,230 units at the end of March. This was more than double the levels from a year earlier, rising 125.3% from the record low levels seen at the end of March 2017. The increase returns supply to more or less average levels for this time of the year.

Source: Barrie & District Association of REALTORS® Inc