The Simcoe County housing market continued to shift further in favour of buyers during the week of March 9 to March 15, as rising inventory and slightly softer sales activity created more balanced, opportunity-driven conditions. While new listings dipped slightly compared to the previous week, overall supply continued to climb, pushing active listings up to 3,782 homes and driving months of inventory to 7.8. This keeps the market firmly in buyer territory, well above what would be considered balanced conditions.
With more homes available, buyers are taking their time, exploring options, and negotiating more confidently. However, this doesn’t mean homes aren’t selling. In fact, the data shows a clear divide. Properties that are priced appropriately are still moving efficiently, with days on market dropping by 9 days week-over-week. At the same time, the list-to-sale ratio held steady at 97%, reinforcing that strong results are still achievable when listings are aligned with current market expectations.
Pricing also showed resilience this week, with the average sale price increasing to $720,131. This suggests that while buyers have gained leverage, demand remains present for well-positioned homes. The key difference in today’s market is not whether homes are selling, but how they are being brought to market. Strategy, pricing, and presentation are playing a much larger role in determining outcomes.
Looking at the broader trend over the past 30 days, the direction of the market is becoming clearer. Inventory has been steadily rising, sales activity has softened slightly, and months of inventory has remained near 8 months. If listing volumes continue to build into April while sales remain moderate, buyers could gain even more negotiating power, particularly on homes that are priced above market value.
This is a market where opportunities exist on both sides, but only for those who understand how to navigate it. Buyers have more control and choice than we’ve seen in recent months, while sellers need to be more intentional than ever in how they position their home.
If you’re thinking about making a move, now is the time to understand exactly where your home stands in today’s market or what opportunities are available to you as a buyer.