While Real estate remained an essential service during COVID-19, home sales in the Southern Georgian Bay area during the month of May were significantly down from the same time a year ago.
The Southern Georgian Bay Realtor's Association says home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, Meaford and Grey Highlands, numbered 121 units in May, a large decline of 42.4 per cent from May 2019.
On a year-to-date basis, home sales in the Western Region numbered 570 units over the first five months of the year, down 23.1 per cent from the same period in 2019.
In a media release, Association President Mike Scholte says, "We're seeing a modest improvement from the record lows in the previous month, and on our journey to recovery, it's encouraging to see signs of life returning to the housing market."
Throughout the entire Southern Georgian Bay area, which also includes Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Township, the dollar value of all residential transactions in May was $124 million, declining significantly by 34 per cent from this time in 2019.
Through the whole region, sales of all property types numbered 254 units in May, down 38.6 per cent from May 2019.