Barrie and District home sales pull back in January 2018.

Residential property sales recorded through the Matrix System in the Barrie & District Association of REALTORS® Inc. (BDAR) region numbered 210 units in January 2018, down 18.9% from a very strong month of January in 2017.
Within the City of Barrie, sales activity was down 17.7% on a year-over-year basis in January 2018. The City of Barrie saw 107 residential sales in January 2018. A year over- year decrease of 20.9% was recorded in surrounding areas, where sales activity totalled 102 units.
The average price for all homes sold via the association’s MLS® System in January 2018 was $522,053, up 8.7% from January 2017.
The average price figure for homes sold within the City of Barrie for January 2018 was $508,560. This was an increase of 10.5% compared to the average selling price in January 2017.
The average price figure for January 2018 in surrounding areas was $541,321, an increase of 8.2% from January 2017.
The dollar value of all home sales in January 2018 was $109.6 million, down 11.8% from year-ago levels. This was still the second highest value for January residential sales on record.
New residential listings rose 31.1% from January 2017 to 527 units in January 2018. Active residential listings on the association’s MLS® System numbered 791 units at the end of January 2018, rising 103.9% from very low year-ago levels but still a little below the average of the last decade.
There were 3.8 months of inventory at the end of January 2018, up from 1.5 months a year earlier but still a little lower than the long-run average for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Sales of all property types in the Barrie region numbered 218 units in January 2018, down 21.9% compared to January 2017. The total value of all properties sold in January 2018 was $121.6 million, down 12.4% on a year-over-year basis.
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