Realty Executives of Simcoe Inc. Brokerage

DON McASKIN

Broker of Record (705) 727-6777

DON McASKIN

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How Covid19 is Affecting The Real Estate Market

(Published on - 7/24/2020 3:26:17 PM)

 

Monthly Breakdown

March 2020

  • New listings in the month of March were down 6%, while total residential units sold increased by 4%.
  • March 2020 had an average sales price of $541,911, a 5% increase from $515,969 in March of 2019.

April 2020

  • The new listings and sales price saw larger declines in the month of April 2020.
  • The average sales price in April 2020 was $526,999 showing a 4% increase from $508,187 in April of 2019.

May 2020

  • May's new listings there was an average decrease of 42%, and 12% for total sales.
  • The average sale price of homes in May 2020 was $552,733, a 7% increase compared to an average sales price of $514,888 in May 2019.

June 2020

  • The month of June had an approximate 9% decrease in new listings and increase of 47% in total sales.
  • The average sales price was $563,880 in June 2020, a 11% increase from June 2019 with a average of $514,522.

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