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Tuesday, September 12, 2017

Real Estate Market Cools

Regional | by Mariane McLeod  

sales down in August

There was a cooling in August in the red-hot real estate market.

Re-sale homes in the area from Midland around the bay to Meaford dropped from last year's record-setting numbers last month.

 The number of homes changing hands was down 34% year-over-year, and was below the ten-year average for the area.

However, 2017 has been the second-busiest year for sales to date, with more than 2200 homes being bought and sold.

The realtors' association says the number of properties and homes available for sale is at a near-record low.

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