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WITAAR Has A Strong February

Tuesday, 19 March 2024 at 11:03

By Kyle Freel X @KFreelHeartFM

The numbers have been released for home sales in February. WITAAR saw increases in many areas.

OXFORD COUNTY - The Woodstock Ingersoll Tillsonburg and Area Association of Realtors has a big month in February.

This year, just over 163 units were sold, which was a gain of 19.9% from February of last year. Sales were below the 5-year average by 2.4%, while for the 10-year average sales were above by 6.5%.

The average price for a home sold last month was $647,460 and was up only 0.4% from the same period last year.

Looking at the dollar amount for home sales in February, it was a total of $105.5 million, which comes as an increase of 20.3% from last year.

For the first two months this year, 279 units were sold, which is an increase of 20.8% from 2023. 250 units were listed, and that was a gain of 17.9%.

The number of new listings was also the largest for the month in more than a decade.

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