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Real Estate Market Posting "Healthy" Numbers

Over $30-million in homes sold in May. The Woodstock-Ingersoll and District Real Estate Board says the latest numbers continue the trend of a hot start to 2013. In May, 124 homes sold, a 33% increase from May 2012. Overall sales are up 17% year-to-date, from this time last year. Real Estate Board President William Cattle says 2012 was a slow year, but also notes over 500 homes had sold by the end of May, something that's only previously happened here a handful of times. Along with the number of homes sold, average sale prices also continue to creep up. Last month's average sale price was $246,472, up 10% on a year-over-year basis. Inventory is leaning towards a sellers market right now, with 566 active residential listings at the end of May, the lowest level on the MLS system in nearly 6-years.

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