Home sales are down eight per cent in Grey Bruce Owen Sound, compared to a year ago.
In May, 276 units changed hands through the MLS system of the Realtors Association of Grey Bruce Owen Sound.
On a year-to-date basis, home sales totaled 980 units over the first five months of the year. This decreased by 4.9 per cent from the same period in 2023.
The MLS® Home Price Index composite benchmark price was $570,900 in May 2024, up modestly by 1.9 per cent compared to May 2023.
The number of new listings saw a sizable gain of 16.5 per cent from May 2023. There were 685 new residential listings in May 2024. This was the largest number of new listings added in the month of May in more than five years.
New listings were 24.9 per cent above the five-year average and 15 per cent above the 10-year average for the month of May.
