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Record Setting February for Home Sales

The average price of homes sold in February 2017 was $345,869 which is up 36% percent form last year.

WOODSTOCK/INGERSOLL - Residential sales activity had another record breaking month in February according to the Woodstock Ingersoll and District Real Estate Board. 

142 units were sold in February which is up 69% from last year. Year to date home sales numbered 247 units which is up 57.3% from this time last year. 

President of the Woodstock-Ingersoll and District Real Estate Board Lesley Michie says it is a sellers market right now.

"With active supply running at record lows, the increase in new listings in February provided a bit of relief to buyers, and allowed February home sales to surge to an all-time record for the month. Going forward, monthly sales figures will continue to be heavily influenced by how new listings come on stream, and price gains will continue to be driven by how few listings are on the market."

The average price of homes sold in February 2017 was $345,869 which is up 36% percent form last year. Year to date the average price of homes in the region is $337,109. 

Active supply is trending at all time lows. There were just 206 active residential listings at the end of last month on MLS. 

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