Simcoe County moved into September with a shift worth noting. Active inventory fell and months of supply came down to 7.7, the lowest reading in six weeks, while new listings picked up as the fall market got underway. Sales activity stayed soft, and buyers continue to hold the overall advantage.
From August 31 to September 6, 142 homes sold across Simcoe County, continuing the slower pace of the past few weeks. The average sale price came in at $746,077, close to where it sat the week before.
New supply moved in the other direction. There were 495 new listings, an increase of 75 over the previous week. Even so, active inventory fell to 5,267 properties, down 161. The sales-to-new-listing ratio came in at 29%, reflecting a week where considerably more homes arrived on the market than sold.
Months of inventory declined to 7.7. That is the lowest level since late July, after a stretch where supply sat above eight months for most of August.
The direction is worth watching, but the level still matters more. At 7.7 months, Simcoe County remains well past the six-month threshold that separates a buyer's market from a balanced one. With more than 5,200 properties available, the practical picture has not changed much. There is plenty to choose from and little reason to rush a decision.
Average days on market came in at 47, a modest improvement on the week before.
That keeps selling times inside the same narrow band they have occupied since midsummer, with the exception of one unusually quick week in mid-August. The list-to-sale price ratio held at 96%, unchanged from the week before, so sellers whose homes sold continued to achieve a strong share of their asking price.
The jump to 495 new listings is the most notable change on the supply side, and the timing is typical. Listing activity often picks up in early September once the summer slowdown ends and sellers who waited out August come to market.
For buyers, newly listed homes tend to draw the most attention in their first couple of weeks, which makes this a useful stretch to be actively looking. For sellers, it means the competition arriving alongside your listing is heavier now than it was in August.
Two things are happening at once, and they pull in opposite directions.
The overall pool of available homes is shrinking, which is a genuine positive after a summer of climbing inventory. At the same time, more fresh listings are arriving each week, and sales are running at their slowest pace in over a month.
A 96% list-to-sale price ratio shows buyers are still willing to come close to asking when the home warrants it. With more competition arriving each week, the listings that hold attention are the ones priced against what is actually selling right now rather than against what a comparable home was asking earlier in the year.
Buyers keep the broader advantage. Inventory above seven months provides choice and negotiating flexibility, and the volume of new listings this week means more of that choice is fresh.
The one caution is that supply has trended lower through the second half of August. Conditions have not turned, but the gap between buyers and sellers narrowed slightly this week rather than widening.
Simcoe County opened September with softer sales, a steady average price and a meaningful drop in available inventory, offset by a wave of new listings coming to market.
For buyers, the selection and the negotiating room are still there, with more new options to consider than at any point in recent weeks. For sellers, the fall listing wave has started, which makes standing out against the homes arriving alongside yours the priority this month.
Whether you're considering buying, selling or simply trying to understand what these numbers mean for your plans, connect with a Faris Team Sales Partner to build a strategy around today's market.