Residential Home sales were up last month from the Woodstock Ingersoll and District Real Estate Board.
WOODSTOCK/INGERSOLL - Residential Home sales were up last month from the Woodstock Ingersoll and District Real Estate Board.
117 units were sold last month, which is up 21.9 percent from the same time last year. Overall, however home sales are down this year compared to last. On a year-to-date basis, home sales totaled 1,101 units over the first nine months of the year. This was down 24.2% from the record for this period in 2017.
President of the Real Estate Board William Cattle says activity is starting to get back to normal.
“September marked another month of improvement in home sales in the region, although activity is only just getting back to average levels. Meanwhile, with supply still trending near historical lows, prices are well up from last year.”
The average price of homes sold in September 2018 was $389,680, rising 15.7% from September 2017.
Overall supply is still near all-time lows. Active residential listings numbered just 303 units at the end of September. This was down 8.7% from the end of September 2017.