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BDAR Home Sales Break Annual Record in 2021!

Low inventory means that the average sale price of homes in Barrie has stayed high throughout 2021. 

From: https://creastats.crea.ca/board/barr

"The real estate market in our region had a very strong year in 2021." said Luc Bouillon, President of the Barrie & District Association of REALTORS®. "December home sales were slightly above the historical norm for the month, pushing the total number for the year to a new all-time record. However, the number of newly listed properties was unable to keep pace with sales, which depleted overall inventory.  Active listings are currently sitting at the lowest level on record. The twin factors of strong demand and lack of supply continue to contribute to upward price pressure, driving home prices to new records. Market balance was still firmly entrenched in favour of sellers. As with many market in Ontario, our local market desperately needs an infusion of new listings to help correct the current imbalance. We are monitoring conditions for any definitive trends that will provide insight into what to expect in 2022. "

Head over to the above website for more details, and don't forget our friendly agents are always available to discuss what the Real Estate Market is doing in Barrie and area!

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