In the Barrie & District Association of REALTORS® Inc. (BDAR) region total sales numbered 464 units in May 2019. This was an increase of 23.1% from May 2018 but was still below average for the month
Year-to-date home sales totalled 1,828 units for the first five months of the year, which represents an increase of 14.6% from the same period in 2018.
According to a BDAR release:
“Sales are doing better this year than they were in 2018,” said Tania Artenosi, 2019 BDAR President. “The combination of the Ontario Fair Housing Plan, the B-20 stress test, interest rate increases along with increase housing prices are still having an effect on our market.” The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price for Barrie & District was $466,600, down 6.1% in May 2019 compared to May 2018.