Heart FM Rewind

9:00am - 4:00pm

519-537-1047

K-CI & JOJO

ALL MY LIFE

Download

Listen Live Listen Live HD2

Home Prices Continue to Skyrocket in Oxford County

Monday, 11 April 2022 05:38

The Woodstock-Ingersoll & District Real Estate Board says the average price of homes sold last month was about $756,000 in March.

WOODSTOCK/INGERSOLL - Home prices continue to rise in Oxford County.

The average price of homes sold last month in the Woodstock-Ingersoll & District Real Estate Board was around $756,000, a jump of 34.6% from March of last year.

Year over year, the benchmark of house prices have gone up over 33% in the region. Last month the Real Estate Board had 200 units sell, which is down just 2 percent from March 2021.

President of the Woodstock-Ingersoll & District Real Estate Board Anthony Montanaro says on a year to year basis, home sales totaled 462 units, which is up 14% from this time last year.

"MLS® home sales posted the third highest total on record for the month of March, driven, at least in part, by the welcome influx of newly listed properties during the month."

He says it is too early to say what kind of impact rising interest rates could have in our market.

"This infusion of new listings also helped to buoy overall inventory, pushing active listings above 100 for the first time since last fall. Despite the increase of available homes, the seemingly endless demand is maintaining upward pressure on prices resulting in yet another year-over-year percentage gain for the MLS® HPI Composite Benchmark price in the mid-30% range. Only time will tell how the expected rise in interest rates will impact our local market, but rest assured we will be monitoring our region very closely to identify definitive trends that may provide insight in the usually busy spring market and beyond."

More from Local News

Oxford OPP Lay Charges After Warrant Execution

Two Tillsonburg residents have been charged after a search warrant was executed at a residence in their hometown.
Camping Season is Open at Pittock

May 1st signals the opening of the 2026 camping season, and Pittock Conservation Area is open for guests.
Application Window Open for Oxford County Grants Program

Local non-profit organizations have the opportunity to apply for grant funding as the submission window has opened for the Oxford County Grants Program.
PJHL Preview - Schmalz Cup Final

An Oxford County team is still in the mix to bring home the Schmalz Cup and be the PJHL Champions.
Oxford Winds Celebrates 30 Years

The concert band will mark the occasion during it's spring concert at Knox Presbyterian Church next Friday.
Nomination Period Opens for Municipal Election

Those interested in running for office have until August 21st to submit their paperwork.
Theft in Thamesford is Under Investigation

The Oxford OPP are looking to identify two suspects responsible for a theft from a business in Thamesford.
Winning Lotto 6/49 Ticket Sold in Oxford

The OLG says the Lotto 6/49 classic jackpot winning ticket was sold in Oxford County.
Thamesford Lions Club Celebrates 65 Years

A special milestone has been reached and celebrated by the Thamesford Lions Club.
Yellow Frost Advisory Issued for Oxford

We're in for overnight lows at or below the freezing mark for the next few days.
News Poll: Schmalz Cup 2026

Who do you think will win the Schmalz Cup?
Realtors Care Food Drive Returns Next Week

Local realtors are dropping off the red and yellow door hangers this week.
PJHL Playoff Recap - April 29th

The Tavistock Braves have advanced to the Schmalz Cup Final after celebrating a 7-1 victory last night.
Charges Laid After Altercation in Woodstock

The Woodstock Police have laid numerous charges after someone suffered serious burn injuries during an altercation.
New Partnership Protects Land in Oxford

Land originally owned by Scouts Canada will be permanently protected as a new partnership is formed.
Bomb Threat Unfounded in Woodstock

A heavy police presence was around Springbank Public School today as a bomb threat was called in.
Big Projects Announced for TVDSB

The province has approved $91.7 million in capital funding through the 2025-2026 Capital Priorities Program
Tick Season Reminders from Southwestern Public Health

Southwestern Public Health has some tips to help you protect yourself from ticks.
PJHL Playoff Recap - April 28th

The Tavistock Braves suffered a 5-2 loss to the Lakeshore Canadiens in Game 5 of the Schmalz Cup semifinals.
Highway Construction Approaching in Burgessville

Highway 59 will be closed to through traffic in Burgessville starting next week.

Comments

Add a comment

Log in to the club or enter your details below.

Display Name *

Location *

Email Address *

Comment *

Rating *

1

2

3

4

5

I have read and agreed to the privacy policy and terms & conditions *

Weather

Recently Played

ALL MY LIFE
K-CI & JOJO
SUNGLASSES AT NIGHT
COREY HART
CALL ME
BLONDIE
STANDING OUTSIDE A BROKEN PHONE BOOTH WITH MONEY IN MY HAND
PRIMITIVE RADIO GODS