Sales Slow, Prices Rebound, and Buyer Leverage Grows
The Simcoe County real estate market eased this week as activity softened across most key metrics. A total of 94 homes sold, down from 146 the week prior, marking a noticeable mid-October slowdown as buyer urgency tapered off. Despite the decline in sales volume, the average sale price rose to $818,786, suggesting that the homes that did sell were primarily higher-end or move-in-ready properties. This price rebound, up more than $82,000, showcases a market where serious buyers are still willing to pay for quality and value, even as overall demand cools.
New listings also pulled back, dropping to 474 from 554, while active inventory remained steady at 5,482 homes, keeping supply levels elevated across the region. With sales slowing and inventory holding firm, months of inventory rose to 8.9, the highest level since early summer — further reinforcing conditions that favour buyers. Homes also took a little longer to sell, with the average days on market increasing to 45 days, up from 39, while the list-to-sale ratio edged slightly lower to 96%, indicating more negotiation room for buyers.
A key metric this week is the sales-to-new-listings ratio, which declined to 20% from 26%. This stat indicates how quickly new inventory is being absorbed. In a balanced market, this number typically sits around 60%. At just 20%, Simcoe County continues to lean toward a buyer’s market, meaning there are more homes available than active buyers — a common trend heading into late fall when activity historically slows.
Overall, the market remains balanced but is clearly tipping in favour of buyers. Inventory is high, sales have cooled, and buyers now have more time, options, and negotiating power. Sellers, however, can still succeed by focusing on accurate pricing, strong presentation, and aligning with market expectations — especially as serious buyers continue to pursue well-positioned homes.
For Buyers: Take advantage of the current buyer’s market conditions before inventory tightens further. Explore our active listings.
For Sellers: As the market transitions, pricing and presentation are key. Before listing, consider a Instant Free Home Evaluation to understand where your property stands in today’s market and how to maximize value through professional staging and marketing.
Contact us today to get personalized advice and take the first step toward your next chapter.