Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$944,897
MoM −$10,148 −1.1% down $10,148, 1.1% versus April 2024 YoY −4.9% down 4.9% versus May 2023
Source: TRREB MarketWatch, May 2024
5 areas
Simcoe County
May 2024
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$860,000
MoM −$44,500 −4.9% down $44,500, 4.9% versus April 2024 YoY −7.0% down 7.0% versus May 2023
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$909,200
MoM −$4,500 −0.5% down $4,500, 0.5% versus April 2024 YoY +1.3% up 1.3% versus May 2023
Sales — Firm transactions reported through the MLS® System during the month.
201
MoM −33 −14.1% down 33, 14.1% versus April 2024 YoY −25.3% down 25.3% versus May 2023
Dollar volume — Total value of all sales in the month.
$189.9M
MoM −$33,556,162 −15.0% down $33,556,162, 15.0% versus April 2024 YoY −29.0% down 29.0% versus May 2023
New listings — Properties newly listed during the month.
689
MoM +103 +17.6% up 103, 17.6% versus April 2024 YoY +32.0% up 32.0% versus May 2023
Active listings — Listings available at month end.
913
MoM +157 +20.8% up 157, 20.8% versus April 2024 YoY +63.0% up 63.0% versus May 2023
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
26
MoM +2 days +8.3% up 2 days, 8.3% versus April 2024 YoY +30.0% up 30.0% versus May 2023
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
37
MoM +4 days +12.1% up 4 days, 12.1% versus April 2024 YoY +32.1% up 32.1% versus May 2023
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
99%
MoM +1.0 pp +1.0% up 1.0 pp, 1.0% versus April 2024 YoY no change no change versus May 2023
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
29.2%
MoM −10.8 pp −26.9% down 10.8 pp, 26.9% versus April 2024 YoY −43.4% down 43.4% versus May 2023
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.
4.5
MoM +1 +40.6% up 1, 40.6% versus April 2024 YoY +118.2% up 118.2% versus May 2023
Trend
13 months to May 2024
Average price
| Month | Average price |
|---|---|
| May '23 | 994080 |
| Jun '23 | 980067 |
| Jul '23 | 937032 |
| Aug '23 | 957457 |
| Sep '23 | 937278 |
| Oct '23 | 974831 |
| Nov '23 | 969650 |
| Dec '23 | 881961 |
| Jan '24 | 888319 |
| Feb '24 | 946875 |
| Mar '24 | 966056 |
| Apr '24 | 955045 |
| May '24 | 944897 |
Sales
| Month | Sales |
|---|---|
| May '23 | 269 |
| Jun '23 | 234 |
| Jul '23 | 173 |
| Aug '23 | 148 |
| Sep '23 | 138 |
| Oct '23 | 120 |
| Nov '23 | 102 |
| Dec '23 | 99 |
| Jan '24 | 126 |
| Feb '24 | 186 |
| Mar '24 | 226 |
| Apr '24 | 234 |
| May '24 | 201 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 201 | −33 −14.1% down 33, 14.1% versus April 2024 | $944,897 | −$10,148 −1.1% down $10,148, 1.1% versus April 2024 | $860,000 | 29.2% | 4.5 |
| Detached | 156 | −16 −9.3% down 16, 9.3% versus April 2024 | $990,489 | −$27,620 −2.7% down $27,620, 2.7% versus April 2024 | $944,000 | 28.0% | 4.7 |
| Semi-detached | 7 | +2 +40.0% up 2, 40.0% versus April 2024 | $861,429 | +$38,829 +4.7% up $38,829, 4.7% versus April 2024 | $845,000 | 29.2% | 3.0 |
| Att/row/townhouse | 26 | −7 −21.2% down 7, 21.2% versus April 2024 | $840,663 | −$4,708 −0.6% down $4,708, 0.6% versus April 2024 | $727,500 | 44.1% | 2.4 |
| Condo apartment | 8 | −4 −33.3% down 4, 33.3% versus April 2024 | $563,850 | +$4,892 +0.9% up $4,892, 0.9% versus April 2024 | $562,500 | 29.6% | 7.5 |
| Link | 2 | −5 −71.4% down 5, 71.4% versus April 2024 | $742,500 | −$93,643 −11.2% down $93,643, 11.2% versus April 2024 | $742,500 | 50.0% | 3.5 |
| Detached condo | 2 | −2 −50.0% down 2, 50.0% versus April 2024 | $762,500 | −$36,250 −4.5% down $36,250, 4.5% versus April 2024 | $762,500 | 33.3% | 4.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 413.5 | $909,200 | +1.3% up 1.3% |
| Single-family detached | 426 | $953,000 | +1.8% up 1.8% |
| Single-family attached | 407.6 | $781,800 | +1.0% up 1.0% |
| Townhouse | 374.4 | $633,800 | −1.5% down 1.5% |
| Apartment | 417.1 | $601,900 | −3.5% down 3.5% |
Movers within Simcoe County
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Essa +12.1% up 12.1%
- Adjala-Tosorontio +4.3% up 4.3%
- Bradford West Gwillimbury −1.6% down 1.6%
- Innisfil −3.5% down 3.5%
- New Tecumseth −4.0% down 4.0%
Bottom 5
- New Tecumseth −4.0% down 4.0%
- Innisfil −3.5% down 3.5%
- Bradford West Gwillimbury −1.6% down 1.6%
- Adjala-Tosorontio +4.3% up 4.3%
- Essa +12.1% up 12.1%
Sales, month-over-month
Top 5
- Adjala-Tosorontio +80.0% up 80.0%
- Innisfil no change no change
- Essa −20.0% down 20.0%
- New Tecumseth −23.2% down 23.2%
- Bradford West Gwillimbury −32.7% down 32.7%
Bottom 5
- Bradford West Gwillimbury −32.7% down 32.7%
- New Tecumseth −23.2% down 23.2%
- Essa −20.0% down 20.0%
- Innisfil no change no change
- Adjala-Tosorontio +80.0% up 80.0%
Simcoe County
Bradford West Gwillimbury
Bradford West Gwillimbury, Simcoe County
$1,133,122
−$17,988 −1.6% down $17,988, 1.6% versus April 2024
- Sales
- 37
- SP/LP
- 100%
- DOM
- 17
- SNLR
- 27.4%
Adjala-Tosorontio
Adjala-Tosorontio, Simcoe County
$1,079,528
+$44,128 +4.3% up $44,128, 4.3% versus April 2024
- Sales
- 18
- SP/LP
- 97%
- DOM
- 31
- SNLR
- 38.3%
Innisfil
Innisfil, Simcoe County
$891,093
−$32,147 −3.5% down $32,147, 3.5% versus April 2024
- Sales
- 65
- SP/LP
- 99%
- DOM
- 32
- SNLR
- 24.2%
Essa
Essa, Simcoe County
$887,179
+$95,432 +12.1% up $95,432, 12.1% versus April 2024
- Sales
- 28
- SP/LP
- 98%
- DOM
- 21
- SNLR
- 35.0%
New Tecumseth
New Tecumseth, Simcoe County
$864,252
−$35,657 −4.0% down $35,657, 4.0% versus April 2024
- Sales
- 53
- SP/LP
- 99%
- DOM
- 28
- SNLR
- 33.5%
All Simcoe County areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|