Market update
There is a version of this week that reads like a warning. Months of inventory climbed to 7.8, the highest point on our chart since spring. Days on market pushed up to 43. Another buyer's market headline. But that framing misses what actually happened underneath the numbers, so let me give you the real read.
The real read
Sales did not fall this week. They edged up to 172. New listings eased off by 93, so fewer homes came to market while slightly more sold. That combination pushed the sales to new listing ratio up 5 points to 34%, which means absorption actually improved even as the inventory number rose. And the average sale price moved up 1.0% to $750,484. This is not a market falling apart. It is a market sorting itself out.
The supply story
Buyers have choice. Active listings are sitting at 5,562 and months of inventory is well above the six month line that separates a buyer's market from a balanced one. That gives buyers real negotiating room and time to make a considered decision. But choice is not the same thing as weakness. Sellers who priced correctly this week still sold, and they still collected 97 cents on the dollar at closing.
The national picture agrees
Storeys reported this week that Canadian home prices stopped falling in June and that buyers were already moving, with the national price index flat month over month for the first time since early 2025. Their read was that the national numbers hide regional differences, and Ontario is one of the softer spots. That is exactly what we are living here: more inventory and more patience locally, against a national backdrop where pricing has found its floor. You can read the full Storeys piece here.
A buyer's market does not mean sellers lose
It means the margin for error shrinks. Homes priced to today's market and presented well are still attracting buyers and still closing near ask. Homes priced to last spring are the ones sitting. That 97% list to sale ratio tells you the demand is there for the right listing at the right number.
The week at a glance
| Metric | This week | Change |
|---|---|---|
| Sales | 172 | up 2 |
| Average Sale Price | $750,484 | up 1.0% |
| New Listings | 501 | down 93 |
| Sales to New Listing Ratio | 34% | up 5 points |
| Active Listings | 5,562 | down 4 |
| Months of Inventory | 7.8 | up 0.3 |
| Days on Market | 43 | up 3 days |
| List to Sale Ratio | 97% | up 1 point |
What this means for you
If you are buying, this is your window. You have selection, you have leverage, and you have time to negotiate. Use all three.
If you are selling, price and presentation are everything right now. Get those two right and the buyers are still there.
Thinking about a move in Georgian Bay this summer? Send me a message and we can talk through exactly what these numbers mean for your street, your timeline, and your specific home. If you have a home to sell, I can also put together a free, no-obligation valuation.
By Jonathan Wallace, Salesperson, Faris Team Real Estate, Brokerage. 705-433-2525. Figures are aggregated board statistics for Simcoe County and are approximate and subject to revision. Ask for current data for your specific area and property type before making a decision.