August 2025 Real Estate Market Update: Simcoe County

by Scott Cooper

As summer winds down, the Simcoe County housing market continues to show a mix of opportunity and challenge for buyers and sellers alike. July’s numbers reveal where the market is cooling, where activity remains steady, and what to watch as we move into fall.

Market Snapshot (July 2025)

Sales: 425 homes sold across Simcoe County, up 5% year-over-year, but down slightly from June.
Average Price: $831,428, down 7.8% compared to July 2024, but holding steady month-over-month.
Listings: New listings rose 17% year-over-year, while active listings jumped 30%, pushing inventory levels higher.
Months of Inventory: Now at 5.4 months, up from 4.2 a year ago — signaling a shift toward a more balanced-to-buyer-leaning market.

What This Means for Sellers

With more homes on the market and buyers having greater choice, presentation and pricing are critical. Homes that are move-in ready and well-staged are still attracting offers, but overpricing quickly leads to extended days on market.
Detached homes remain the bulk of activity (312 sales, avg. price $913,440), but segments like townhomes and condos are gaining traction thanks to their relative affordability.

What This Means for Buyers

More inventory means less competition and more negotiating power.
Certain communities are seeing notable opportunities:
- Orillia: Sales up 25% year-over-year with average prices down 8%, creating value for buyers.
- Bradford: A surge in sales (+65% YOY), but with prices down nearly 15%, making it one of the most active but price-corrected markets.
- Springwater & Clearview: Prices are down 15–36% YOY, giving upsizers and investors significant buying opportunities.

Challenges in the Market

Rising inventory is stretching timelines: the average days on market is now 34, with condos often taking 45+ days.
Affordability remains top of mind as borrowing costs continue to weigh on buyers, especially first-timers.

Looking Ahead

As we head into fall, all eyes are on the Bank of Canada. Economists are signaling a possible interest rate cut later this year, which could bring sidelined buyers back into the market. If that happens, today’s buyers may be in the best position to secure value before increased demand puts pressure back on prices