Source: TRREB MarketWatch, July 2023

5 areas

Simcoe County

July 2023

Headline indicators

All home types

Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.

$937,032

MoM −$43,035 −4.4% YoY +1.0%

Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.

$850,000

MoM −$30,000 −3.4% YoY no change

MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.

$913,000

MoM +$10,900 +1.2% YoY −4.1%

Sales — Firm transactions reported through the MLS® System during the month.

173

MoM −61 −26.1% YoY +25.4%

Dollar volume — Total value of all sales in the month.

$162.1M

MoM −$67,229,010 −29.3% YoY +26.7%

New listings — Properties newly listed during the month.

471

MoM −86 −15.4% YoY −3.1%

Active listings — Listings available at month end.

663

MoM +17 +2.6% YoY −5.6%

Avg. LDOM — Average days on market for the current listing. Not reported before 2020.

MoM +5 days +21.7% YoY +21.7%

Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.

MoM +6 days +18.2% YoY +5.4%

Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.

97%

MoM −3.0 pp −3.0% YoY +1.0%

SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.

36.7%

MoM −5.3 pp −12.6% YoY +29.4%

Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.

3.8

MoM +1 +38.8% YoY −24.7%

Trend

13 months to July 2023

Average price

Simcoe County average selling price over the 13 months ending July 2023.
Month	Average price
Jul '22	927370
Aug '22	928718
Sep '22	969283
Oct '22	889610
Nov '22	873724
Dec '22	858284
Jan '23	880309
Feb '23	905114
Mar '23	943365
Apr '23	956630
May '23	994080
Jun '23	980067
Jul '23	937032

Sales

Simcoe County sales over the 13 months ending July 2023.
Month	Sales
Jul '22	138
Aug '22	175
Sep '22	168
Oct '22	177
Nov '22	149
Dec '22	100
Jan '23	107
Feb '23	144
Mar '23	221
Apr '23	265
May '23	269
Jun '23	234
Jul '23	173

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	173	−61 −26.1% down 61, 26.1% versus June 2023	$937,032	−$43,035 −4.4% down $43,035, 4.4% versus June 2023	$850,000	36.7%	3.8
Detached	131	−45 −25.6% down 45, 25.6% versus June 2023	$1,002,619	−$36,513 −3.5% down $36,513, 3.5% versus June 2023	$935,000	36.3%	3.9
Semi-detached	7	no change no change versus June 2023	$864,429	−$35,571 −4.0% down $35,571, 4.0% versus June 2023	$851,000	77.8%	1.1
Att/row/townhouse	18	−8 −30.8% down 8, 30.8% versus June 2023	$706,806	−$174,444 −19.8% down $174,444, 19.8% versus June 2023	$714,000	31.0%	3.5
Condo townhouse	2	−2 −50.0% down 2, 50.0% versus June 2023	$740,000	+$138,650 +23.1% up $138,650, 23.1% versus June 2023	$740,000	28.6%	4.0
Condo apartment	7	−4 −36.4% down 4, 36.4% versus June 2023	$562,500	−$12,455 −2.2% down $12,455, 2.2% versus June 2023	$520,000	25.0%	8.7
Link	3	+1 +50.0% up 1, 50.0% versus June 2023	$790,833	+$123,333 +18.5% up $123,333, 18.5% versus June 2023	$810,000	100.0%	0.7
Detached condo	5	−3 −37.5% down 3, 37.5% versus June 2023	$840,000	−$56,363 −6.3% down $56,363, 6.3% versus June 2023	$880,000	100.0%	1.8

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	409.1	$913,000	−4.1% down 4.1%
Single-family detached	420.2	$959,400	−3.4% down 3.4%
Single-family attached	407.2	$785,500	−4.3% down 4.3%
Townhouse	387.2	$652,000	−5.3% down 5.3%
Apartment	421.2	$673,100	−2.0% down 2.0%

Movers within Simcoe County

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

New Tecumseth −0.1% down 0.1%
Bradford West Gwillimbury −0.6% down 0.6%
Essa −10.0% down 10.0%
Innisfil −10.5% down 10.5%

Bottom 5

Innisfil −10.5% down 10.5%
Essa −10.0% down 10.0%
Bradford West Gwillimbury −0.6% down 0.6%
New Tecumseth −0.1% down 0.1%

Sales, month-over-month

Top 5

Bradford West Gwillimbury +14.3% up 14.3%
Essa −13.8% down 13.8%
Innisfil −36.0% down 36.0%
New Tecumseth −38.4% down 38.4%

Bottom 5

New Tecumseth −38.4% down 38.4%
Innisfil −36.0% down 36.0%
Essa −13.8% down 13.8%
Bradford West Gwillimbury +14.3% up 14.3%

Simcoe County

Adjala-Tosorontio

Adjala-Tosorontio, Simcoe County

$1,111,375

−$175,352 −13.6% down $175,352, 13.6% versus June 2023

Sales: 8
SP/LP: 97%
DOM: 53
SNLR: 33.3%

Full history →

Bradford West Gwillimbury

Bradford West Gwillimbury, Simcoe County

$1,107,224

−$6,685 −0.6% down $6,685, 0.6% versus June 2023

Sales: 40
SP/LP: 100%
DOM: 17
SNLR: 38.1%

Full history →

New Tecumseth

New Tecumseth, Simcoe County

$959,676

−$695 −0.1% down $695, 0.1% versus June 2023

Sales: 45
SP/LP: 99%
DOM: 34
SNLR: 39.8%

Full history →

Innisfil

Innisfil, Simcoe County

$845,958

−$99,572 −10.5% down $99,572, 10.5% versus June 2023

Sales: 55
SP/LP: 94%
DOM: 29
SNLR: 29.3%

Full history →

Essa

Essa, Simcoe County

$768,540

−$85,670 −10.0% down $85,670, 10.0% versus June 2023

Sales: 25
SP/LP: 98%
DOM: 20
SNLR: 61.0%

Full history →

All Simcoe County areas

Home type

0 areas

Area	Sales	MoM	$ volume	Average	MoM	Median	New	Active	SP/LP	LDOM	PDOM	SNLR	MOI