July 7, 2023:

Monthly Market Update: June 2023/2022

After many months where the Real Estate statistics have been a rinse-and-repeat story, some areas show signs of a resurgent market. For the first time in a while, the market statistics reveal diverging trends depending on the region, which we are excited to share with you.  

We have seen the most significant discrepancies in new listings depending on which regions you look at. Barrie, Orillia, Alliston, and the surrounding areas saw a decrease in new listings compared to this time last year. In contrast, places like Collingwood and Wasaga Beach saw a notable increase in new inventory.  

Homes in several regions, particularly in Simcoe County, are now taking longer to sell. This has become a regular occurrence, as noted by those who have been following the market trends with us month after month. On the other hand, residences located south of Newmarket have a higher demand and sell more quickly. As of June 2022, property prices have maintained a consistent level without any notable surges or declines. 

The biggest story in Southern and Central Ontario has been the number of properties sold, with many areas seeing an increase in sales compared to last year. Has the market started to heat up with the temperatures? Keep reading to find out which city saw homes sell the fastest this month. 


Barrie and the surrounding area had a decrease in new listings year-over-year. With 669 homes hitting the market, new inventory is down 26% from June 2022. Despite tighter inventory levels, sales are up compared to this time last year. There were 330 sales in the Barrie area, which is 28% more sales than June 2022. Prices have also slightly increased from last year, with the average sale price in Barrie and the surrounding area at $886k, up 3% compared to June 2022. Homes in the Barrie area are taking a bit longer to sell than last June, as homes sold firm in 38 days on average, up 9 days from June 2022. 

Orillia and Area 

Orillia and the surrounding areas saw a dip in new listings available in June 2023 with  260 new homes , down 15% from June 2022. On the other hand, home sales have picked up for the area, with 127 properties sold in the Orillia area, representing a 43% increase year-over-year. Prices in the Orillia area have held steady year-over-year, with the average sale price just over $850k for June 2023, a marginal 3% decrease. Homes in the Orillia and surrounding areas  sold firm in 42 days on average, up 17 days from this time last year. 

Midland and Area

The Midland area also saw a decrease in new listings compared to last year, with 203 new homes available, representing a 14% decrease year-over-year. June was also a slower month for Midland and the surrounding areas, with 71 homes sold last month. The good news is that the average sale price in the Midland area has increased by 14% compared to the previous year. The average sale price for Midland and the surrounding areas reached $777k for June 2023. Not uncommon for most areas in Southern and Central Ontario, homes are spending more time on the market than they were last year. Homes in the Midland and surrounding areas sold firm in 56 days on average, which is up 30 days from June 2022. 

Collingwood and Area 

Collingwood and the surrounding area had a substantial uptick in new listings in June 2023. With 493 new homes available last month, the Collingwood area saw a 27% increase in new listings. Sales in Collingwood have also picked up quite a bit from June 2022, with 195 properties sold. This represents a 60% increase year-over-year. The average sale price has remained steady compared to June 2022, with a negligible 0.3% decrease from June 2022. The average sale price in Collingwood for June 2023 was just over $917k. Like most areas across Southern and Central Ontario, homes are spending longer on the market in the Collingwood area than they were this time last year. Homes sold firm in 63 days on average, which is up 33 days from June 2022. 

Wasaga Beach 

Wasaga Beach had a 30% increase in new inventory in June 2023, with 152 new properties available. Sales have grown substantially in Wasaga Beach, with 77 properties sold, up 83% from last June. Prices have also seen a slight increase from last year in Wasaga Beach. The average sale price in Wasaga Beach reached over $740k for June 2023, up 3% from June 2022. Homes in Wasaga Beach sold firm in 58 days on average, up 58 days from last year. 

Alliston and Area 

Alliston and the surrounding area saw a 32% decrease in new homes hitting the market compared to June 2022, with 213 new properties available for June 2023. On the other hand, sales are up compared to last year. With 125 properties sold in the Alliston area, sales are up 39% year-over-year. Prices have remained similar to June 2022, with the average sale price for Alliston and the surrounding areas up over $1M, a 0.3% increase from last June. Homes in Alliston are selling firm in 26 days on average, which is 7 days slower than in June 2022. This is, however, slightly faster than most areas north of the GTA and Simcoe County. 


Newmarket had a 16% increase in new listings, with 234 new homes available in June 2023. Sales are also up slightly, with 100 homes sold, a 3% increase year-over-year. Prices have also seen a bit of an increase in Newmarket compared to last June, with the average sale price over $1.2M. This is up 6% from last year’s average sale price, which came in over $1.1M. Homes in Newmarket are selling faster than they were this time last year. Properties sold firm in just 10 days on average for the month of June, which is 6 days faster than June 2022. 


The story for the city of Vaughan market statistics is that things have remained mostly the same, with one notable exception that may influence the months to come. Vaughan had a similar amount of new listings hit the market in June 2023 and in June 2022. With 761 new homes available last month, it represents a mere 0.3% decrease from June 2022, so new inventory levels were fairly similar. Sales are up from June 2022, with 325 homes sold, representing a 26% increase year-over-year. Vaughan prices remained the same compared to June 2022, with an average sale price of over $1.3M. This is up 0.2% from this time last year. Homes are also spending around the same time on the market as they did in June 2022, with homes selling in 16 days on average


For sellers, there is hope as sales increase and buyers feel more comfortable entering the market. Those on the fence about selling, whether to downsize, upgrade or relocate, will be happy to learn that buyer activity has started to pick up. As new inventory has increased in many areas in Southern and Central Ontario, it is still essential to ensure that you work with a Real Estate team that will market that has Exceptional Marketing at the forefront of their strategy to ensure that your home stands out from the competition and really WOWs potential buyers.  


As market activity picks up, buyers should be focused on working with a Realtor® who will go above and beyond to find and negotiate a home that works for their budget and checks all the boxes. Whether this is your first time buying a home or your tenth time buying a home, working with a team that knows how to navigate the changing market conditions so you reach your Real Estate goals remains essential.

Want to know what this means for you as you consider buying or selling a home? We’re here to make your experience stress-free.  

Call us today at 1.888.918.6570 or contact us!

There’s absolutely NO OBLIGATION. Consultations with our team of experts are FREE.

While the information contained in this site has been presented with all due care, Faris Team assumes no responsibility or liability for any errors or omissions.  

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