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Midwestern

Grey Bruce Will See Record Home Sales For 2016

Residential home sales in Bruce Grey Owen Sound have smashed a previous October record.

The local realtors' association says 277 units changed hands, which beats the previous record set in 2009 by 24.8%.

It was also a 28% increase over last October.

Last month saw another double digit year over year gain in sales.

So far this year, almost 2,700 units were sold, which is up about 19% from the first ten months in 2015.

2016 has already set a new annual sales record, with two months left to go.

The average price of homes sold in October 2016 was $262,281, up 7.3% on a year-over-year basis.

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