Barrie Real Estate Market Update - March 2013
Home sales moderate in March
Residential property sales recorded through the MLS® System of the Barrie & District Association of REALTORS® Inc. numbered 360 units in March 2013. This was a decline of 14 per cent from last March.
Within the City of Barrie sales activity was down by a smaller 11 per cent from a year earlier. The City of Barrie saw 222 residential sales in March.
The year-to-date average price for all homes sold via the Association’s MLS® System in March 2013 was $303,389, up two per cent from the same period in 2012.
The year-to-date average price figure for homes sold within the City of Barrie was $292,069. This was a four per cent increase compared to the average selling price in the same period last year.
Overall supply remains at lower levels compared to much of the past decade. Active residential listings on the Association’s MLS® System numbered 1,427 units at the end of March 2013, down five per cent from the end of March 2012.
Dont be fooled, sales may be down when comparing March 2013 to March 2012, but overall 2013 has seen an increase in sales and prices even with a lower supply of inventory. Buyers are waiting for more homes to come on the market, if you're thinking of selling NOW is the time to take advantage!