The local real estate market is cooling off a little.
Statistics released Friday by the Southern Georgian Bay Association of Realtors show it’s still a hot market, just not red-hot.
The number of units sold last month dropped by more than 12 percent from the same month a year ago, but prices were up 19 percent.
On a year-to-date basis, home sales totaled a record 3,001 units over the first six months of the year. This was up sharply by 50.9% from the same period in 2020.
Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 287 units in June 2021. This was a decline of 8.9% from June 2020.
Home sales in the Western Region were 15.9% above the five-year average and 19% above the 10-year average for the month of June.
Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 277 units in June 2021. This was a sharp decrease of 16.3% from June 2020.
Home sales in the Eastern Region were 7.6% above the five-year average and 12.6% above the 10-year average for the month of June.