Momentum Builds as Buyers Act Faster Despite Pricing Adjustments
The Simcoe County housing market gained renewed momentum this week, showing clear signs of buyer confidence returning to the market. A total of 146 homes sold, marking a 15% increase from the previous week’s 127 transactions. While the average sale price dipped 7.6% to $736,272, this shift indicates that more buyers are finding opportunities in affordable and competitively priced homes. Sellers who adjusted their pricing to align with current market conditions saw faster results, with serious buyers stepping in to make offers.
The list-to-sale ratio improved to 97%, a sign that buyers remain highly engaged and are willing to meet sellers closer to their asking prices. Perhaps the strongest indicator of renewed momentum was the decline in Days on Market, which dropped from 48 to just 39 days—the quickest pace since early August. This suggests that motivated buyers are acting decisively when the right property becomes available, and that homes positioned strategically within their price brackets are moving quickly.
Inventory levels remained steady, with 5,456 active listings across the region, while the months of inventory rose slightly to 7.7. This modest increase keeps Simcoe County in a balanced market position, offering opportunities on both sides. While buyers continue to have options to choose from, sellers are still achieving strong sale-to-list ratios when pricing reflects market realities.
Another encouraging sign is the sales-to-new listings ratio, which increased from 23% to 26%, indicating stronger absorption of new inventory and a healthier balance between listings entering and leaving the market. Meanwhile, new listings dropped slightly by 4.8%, with 554 properties added during the week compared to 582 the week prior. This small decline may help stabilize prices in the coming weeks as buyer activity remains consistent through October.
A highlight this week is the significant drop in Days on Market (DOM). Properties took an average of 39 days to sell, marking the fastest turnover rate in more than two months. Historically, Simcoe County’s DOM typically ranges from 30 to 45 days, suggesting that current market conditions remain balanced and healthy. A shorter DOM often reflects a sense of buyer urgency, meaning that when homes are priced correctly and presented well, they are selling faster and with stronger offers.
Overall, the Simcoe County market continues to demonstrate resilience as fall progresses. Buyer engagement remains strong, and properties positioned strategically within the current price landscape are performing well. With inventory holding steady and pricing adjustments leading to quicker sales, the region maintains a balanced but active tone.
For buyers, this is a favorable window of opportunity to take advantage of stable conditions and motivated sellers. For sellers, the data underscores the importance of accurate pricing and strong presentation to stand out among listings and attract qualified buyers. Homes that hit the market in the right price range are not only selling faster but also achieving close-to-asking results.
As the fall market unfolds, those looking to buy or sell in Simcoe County can expect continued steady activity and competitive opportunities.
For Buyers: Take advantage of the current buyer’s market conditions before inventory tightens further. With fewer competing buyers and stable prices, this fall is a strong window to negotiate better deals and secure favourable financing terms. Explore our active listings.
For Sellers: As the market transitions, pricing and presentation are key. Homes that show well and are priced competitively continue to sell close to list price, as reflected by the 96% list-to-sale ratio. 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.