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WITAAR Releases July 2023 Numbers

Wednesday, 9 August 2023 at 12:52

By Kyle Freel X @KFreelHeartFM

An increase in home sales in July 2023 from 2022. 149 units were sold for an average price of $659,943, which is an increase of 30.7% and 3% respectively.

OXFORD COUNTY - The July numbers for home sales has been released by the Woodstock Ingersoll Tillsonburg and Area Association of Realtors.

There was a total of 149 units were sold, which marked an increase of 30.7% from July of 2022.

Despite an increase over the last year, home sales were 24% below the five-year average and 23.4% below the 10-year average for the month of July. 

On a year-to-date basis, home sales totaled 1,169 units over the first seven months of the year. This was a moderate decrease of 7.6% from the same period in 2022.

The average price of homes sold in July 2023 was $659,943, increasing by 3% from July 2022. The more comprehensive year-to-date average price was $658,353, a sharp decrease of 12.5% from the first seven months of 2022.

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