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Thursday, April 12, 2018

Home Sales Fall In Grey Bruce

Regional | by Kevin Bernard  

Home sales went down 32 per cent from the record month of a year ago.

Home sales took a tumble in March in the Grey Bruce, Owen Sound and Wellington county areas, falling 32 percent from the record month of a year ago.

There were 206 homes sold last month, but officials say the level of activity is right in line with the 10-year average for March.

On a year-to-date basis, home sales totalled 475 units over the first three months of the year.

That is a drop of 22% from the same period in 2017.

Meanwhile, the average price of homes sold in March of this year was just over $345,000 which is up 13.4% from March of 2017.

And the year-to-date average price was almost 334 thousand dollars which is up by 11.1% from the first three months of 2017.

Overall supply stands at record lows.

Active residential listings numbered 696 units at the end of March, down 20% from the end of March 2017.

Months of inventory numbered 3.4 at the end of March 2018, up a bit from the 2.9 months recorded at the end of March 2017 but still well below the long-run average of 9.8 months for this time of year.

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