The Realtors Association of Grey Bruce Owen Sound says home sales hit new record in March as competition remains hot and prices continues to rise.
They say 337 homes were sold in the region through the MLS System.
They say that was an advance of nearly 54 per cent from March 2020 and was also a new sales record for the month of March.
On a year-to-date basis, home sales totalled a record 702 units over the first three months of the year. This was up by 24. per cent from the same period in 2020.
The Association says the MLS Home Price Index tracks price trends more accurately than is possible using average or median price measures. The overall composite benchmark price was $428,900 in March 2021, up sharply by 32 per cent compared to March 2020.
The average price of homes sold in March 2021 was a record $646,488, a substantial increase of about 45 per cent from March 2020.
The dollar value of all home sales in March 2021 was $217.9 million, more than double the levels from a year earlier, up 123 per cent from the same month in 2020.
They say this was a new record for the month of March and was also the largest dollar value of homes sold for any month in history.
The number of new listings saw a gain of just under 21 per cent from March 2020.
There were 431 new residential listings in March 2021. This was the largest number of new listings added in the month of March in five years.
Active residential listings numbered 370 units on the market at the end of March, down sharply by 49 per cent from the end of March 2020. Active listings haven’t been this low in the month of March in more than three decades.