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Wednesday, July 12, 2017

Home Sales slipping in June

Regional | by Kevin Bernard  

Sales numbers fall back to more normal levels in Grey, Bruce and Simcoe counties.

The pace of home sales has slowed to more normal levels across Grey Bruce and Simcoe counties.

Figures released by the Realtors Association of Grey Bruce Owen Sound show 330 homes were sold in June through the MLS system. 

It did not break the record, but actually ties the record number of sales for the month that was set last year.

Meanwhile, the average price for homes sold last month was up 9.1 percent from June of 2016, at 288 thousand dollars.

And the year-to-date average price in June was $289,200, up 13.1% from the first half of 2016.

The number of Active residential listings totalled 931 units at the end of June, down 37.1% from the same time last year to the lowest June level on record.

Meanwhile, home sales in the Southern Georgian Bay area from Meaford through to Midland, returned to more normal levels.

There were 342 homes sold in June, down 23% from a year earlier. 

And Year-to-date home sales numbered 1,739 units, down 7.3% from the record set last year.

The Southern Georgian Bay Association of REALTORS┬« comprises two distinctive markets. 

Home sales in the Western Region, which includes Wasaga Beach, Collingwood, The Blue Mountains, Meaford and part of Grey Highlands fell 25.8% on a year-over-year basis to 213 units in June 2017. 

Home sales in the Eastern Region, which includes Midland and Penetanguishene, totalled 129 units in June. This stood 17.8% below June 2016. 

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