Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$994,080
MoM +$37,450 +3.9% up $37,450, 3.9% versus April 2023 YoY −8.4% down 8.4% versus May 2022
Source: TRREB MarketWatch, May 2023
5 areas
Simcoe County
May 2023
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$925,000
MoM +$20,000 +2.2% up $20,000, 2.2% versus April 2023 YoY −5.9% down 5.9% versus May 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$901,500
MoM +$18,500 +2.1% up $18,500, 2.1% versus April 2023 YoY −12.4% down 12.4% versus May 2022
Sales — Firm transactions reported through the MLS® System during the month.
269
MoM +4 +1.5% up 4, 1.5% versus April 2023 YoY +17.0% up 17.0% versus May 2022
Dollar volume — Total value of all sales in the month.
$267.4M
MoM +$13,900,540 +5.5% up $13,900,540, 5.5% versus April 2023 YoY +7.1% up 7.1% versus May 2022
New listings — Properties newly listed during the month.
522
MoM +93 +21.7% up 93, 21.7% versus April 2023 YoY −25.2% down 25.2% versus May 2022
Active listings — Listings available at month end.
560
MoM +51 +10.0% up 51, 10.0% versus April 2023 YoY −14.4% down 14.4% versus May 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
20
MoM −7 days −25.9% down 7 days, 25.9% versus April 2023 YoY +33.3% up 33.3% versus May 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
28
MoM −10 days −26.3% down 10 days, 26.3% versus April 2023 YoY +27.3% up 27.3% versus May 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
99%
MoM no change no change versus April 2023 YoY −2.9% down 2.9% versus May 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
51.5%
MoM −10.2 pp −16.6% down 10.2 pp, 16.6% versus April 2023 YoY +56.4% up 56.4% versus May 2022
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.
2.1
MoM +0 +8.4% up 0, 8.4% versus April 2023 YoY −26.8% down 26.8% versus May 2022
Trend
13 months to May 2023
Average price
| Month | Average price |
|---|---|
| May '22 | 1085200 |
| Jun '22 | 1012906 |
| 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 |
Sales
| Month | Sales |
|---|---|
| May '22 | 230 |
| Jun '22 | 196 |
| 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 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 269 | +4 +1.5% up 4, 1.5% versus April 2023 | $994,080 | +$37,450 +3.9% up $37,450, 3.9% versus April 2023 | $925,000 | 51.5% | 2.1 |
| Detached | 215 | +4 +1.9% up 4, 1.9% versus April 2023 | $1,028,541 | +$33,365 +3.4% up $33,365, 3.4% versus April 2023 | $965,000 | 53.5% | 2.0 |
| Semi-detached | 7 | −5 −41.7% down 5, 41.7% versus April 2023 | $844,286 | −$58,964 −6.5% down $58,964, 6.5% versus April 2023 | $770,000 | 46.7% | 1.4 |
| Att/row/townhouse | 28 | +8 +40.0% up 8, 40.0% versus April 2023 | $915,336 | +$82,266 +9.9% up $82,266, 9.9% versus April 2023 | $791,250 | 56.0% | 1.5 |
| Condo apartment | 7 | −2 −22.2% down 2, 22.2% versus April 2023 | $584,129 | +$5,807 +1.0% up $5,807, 1.0% versus April 2023 | $560,000 | 19.4% | 7.4 |
| Link | 5 | +1 +25.0% up 1, 25.0% versus April 2023 | $760,380 | −$65,620 −7.9% down $65,620, 7.9% versus April 2023 | $705,000 | 125.0% | 0.0 |
| Detached condo | 7 | −1 −12.5% down 1, 12.5% versus April 2023 | $977,286 | +$102,736 +11.7% up $102,736, 11.7% versus April 2023 | $860,000 | 77.8% | 2.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 403.9 | $901,500 | −12.4% down 12.4% |
| Single-family detached | 414.6 | $946,500 | −11.8% down 11.8% |
| Single-family attached | 401.4 | $774,300 | −11.9% down 11.9% |
| Townhouse | 379.4 | $638,900 | −16.5% down 16.5% |
| Apartment | 405.3 | $647,600 | −9.1% down 9.1% |
Movers within Simcoe County
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Adjala-Tosorontio +59.2% up 59.2%
- Innisfil +6.2% up 6.2%
- New Tecumseth +4.6% up 4.6%
- Bradford West Gwillimbury −1.8% down 1.8%
- Essa −2.7% down 2.7%
Bottom 5
- Essa −2.7% down 2.7%
- Bradford West Gwillimbury −1.8% down 1.8%
- New Tecumseth +4.6% up 4.6%
- Innisfil +6.2% up 6.2%
- Adjala-Tosorontio +59.2% up 59.2%
Sales, month-over-month
Top 5
- New Tecumseth +24.2% up 24.2%
- Innisfil +17.6% up 17.6%
- Adjala-Tosorontio no change no change
- Essa −22.0% down 22.0%
- Bradford West Gwillimbury −22.9% down 22.9%
Bottom 5
- Bradford West Gwillimbury −22.9% down 22.9%
- Essa −22.0% down 22.0%
- Adjala-Tosorontio no change no change
- Innisfil +17.6% up 17.6%
- New Tecumseth +24.2% up 24.2%
Simcoe County
Adjala-Tosorontio
Adjala-Tosorontio, Simcoe County
$1,368,064
+$508,921 +59.2% up $508,921, 59.2% versus April 2023
- Sales
- 14
- SP/LP
- 96%
- DOM
- 32
- SNLR
- 53.9%
Bradford West Gwillimbury
Bradford West Gwillimbury, Simcoe County
$1,151,374
−$21,194 −1.8% down $21,194, 1.8% versus April 2023
- Sales
- 54
- SP/LP
- 101%
- DOM
- 11
- SNLR
- 45.8%
New Tecumseth
New Tecumseth, Simcoe County
$955,654
+$41,775 +4.6% up $41,775, 4.6% versus April 2023
- Sales
- 82
- SP/LP
- 100%
- DOM
- 20
- SNLR
- 66.1%
Innisfil
Innisfil, Simcoe County
$952,476
+$55,804 +6.2% up $55,804, 6.2% versus April 2023
- Sales
- 87
- SP/LP
- 97%
- DOM
- 23
- SNLR
- 41.6%
Essa
Essa, Simcoe County
$776,603
−$21,675 −2.7% down $21,675, 2.7% versus April 2023
- Sales
- 32
- SP/LP
- 98%
- DOM
- 21
- SNLR
- 71.1%
All Simcoe County areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|