Grey-Bruce home sales way up from a year ago

Postmedia file photo Brian Thompson / Brian Thompson/The Expositor

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Home sales in Grey-Bruce were up almost 34 per cent in September compared to a year ago.

Home sales for last month totalled 292 units, up 33.9 per cent from September 2018 and one of the best Septembers in history, according to the Realtors Association of Grey Bruce Owen Sound.

So far this year, 2,170 homes have sold, which is down 2.3 per cent when compared to the first nine months of 2019.

The average price of the homes sold in September was $404,914, which was up 12.6 per cent from the same month last year, while the year-to-date average for 2019 was $389,411, up 8.8 per cent from the first nine months of 2018.

New residential listings in September totalled 380 units, which was up 13.8 per cent from September 2018, though it was still below most of the last decade, RAGBOS said in its news release.

Overall supply remains near record lows, with active residential listings numbering 1,018 units at the end of September, which was up 9.9 per cent from 2018, but below the end of September in every other year in history, RAGBOS said.

The months of inventory sat at 3.5 at the end of last month, which was down from 4.2 months at the end of September 2018 and a record low for the time of year.

The dollar value of all the homes sold in September was $118.2 million, up close to 51 per cent from the same month in 2018 and a new record for September.

The sales of all property types totalled 362 units in September, an increase of 21.9 per cent from September 2018. The total value of all properties sold was $139.3 million, jumping 40.8 per cent from September 2018.

RAGBOS represents more than 400 realtors registered with its member offices in an area that includes Grey and Bruce and part of Wellington counties.