Multiple records set in January in this Ontario market

Multiple records set in January in this Ontario market

Multiple records set in January in this Ontario market

The real estate agents of Grey Bruce Owen Sound and Wellington areas saw a 9% rise in home sales in January.

Members of the Realtors Association of Grey Bruce Owen Sound sold 121 homes last month despite inventory falling to a new record low for this time of year, just 3.9 months down from 6.9 months a year earlier.

There were also record lows for supply - just 470 units at the end of January, down 38.7% from January 2017 – and for new listings, down 35% year-over-year to just 143 units.

The dollar value of all home sales in January 2018 was $39.5 million, up 29.9% from January 2017 and the highest January reading on record.


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