Real Estate officials in the Georgian Triangle are calling June a stellar month for the housing market.
Figures released for the second quarter of this year show that sales, at 535 homes, were just shy of the same period last year…which experts call a banner year for the housing market.
Georgian Triangle Real Estate Board President Vicki Bell says things are really moving in the region, which stretches from Wasaga Beach to Meaford and Grey Highlands.
She says despite a small increase in longer term mortgage rates — interest rates are still very low and people are feeling more confident.
Bell says while its still a buyers market, things are moving towards a more stable and balanced market with the number of new listings down significantly in the last quarter over the same period in 2008, which means less housing inventory which reduces the competition and gives a little more of the power back to the seller.
Bell points to the Toronto real estate market as a leading indicator of what’s happening in other, smaller markets where conditions are improving.
She predicts the figures for July will be even better than last year’s.