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Saturday, May 11, 2019

Real Estate Market Activity Down in April

Grey Bruce | by Matt Hermiz  

RAGBOS reports nearly 19 per cent drop in total homes sold year-over-year, but prices climb higher.

Residential real estate sales activity in Grey Bruce was down in April, but prices continued to tread higher on short supply.

The Realtors Association Grey Bruce Owen Sound says 259 units changed hands last month, a decrease of 18.6 per cent compared to April 2018.

Despite the big drop off in residential sales compared to April 2018, RAGBOS says the market activity last month was still close to the 10-year average.

The average price of homes sold in the region in April was $384,580 -- an increase of 9.8 per cent compared to the same month in 2018.

RAGBOS says the comprehensive year-to-date average price for the first four months of 2019 is $365, 698, which is a jump of 8.4 per cent year-over-year.

Only 409 new residential listings hit the market last month. RAGBOS says this was the second-lowest April on record for new inventory.

The realtors association says supply remains near all-time lows but is starting to edge higher. Active residential listings last month were up 7.8 per cent on a year-over-year basis.

The total value of all homes sales in April 2019 was $99.6-million, a drop of 10.6 per cent compared to the same month last year.

RAGBOS reports the total sales of all property types in April was 357 units at a value of $134.4-million.

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