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Midwestern

Homes Sales Market In Grey Bruce Historically Tight

Home sales in Grey Bruce Owen Sound saw the second best January since 2010.

However, the area Realtors Association reports the 104 transactions were down about 13% over the same month last year.

The average price of a home sold in January was over $254,000. which is a 7.6% increase over last year.

The 223 new listings last month, represented a slight decrease from January 2016, as supply struggles to keep up with strong demand.

That means historically tight market conditions with the number of active listings down 32% over last year.

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Hockey net. Photo by Derek Brumby, iStock/Getty Images Plus.

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