New listings helped push up the number of home sales in the southern Georgian Bay area in February.
Stan Reljic, president of the Southern Georgian Bay Association of Realtors, says sales in both the western and eastern districts of his association’s territory rose noticeably in February compared to the last few months.
The western region is made up of Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, Meaford and part of Grey Highlands. The Eastern Region comprises the towns of Midland, Penetang, Honey Harbour, Emvale and smaller communities.
"It was likely the rise in new [homes-for-sale] listings in February that allowed for the increase in sales," says Reljic. “Hopefully this is the start of an upward trend in supply, because that is what the market needs most right now.”
Year-to-date, home sales in the association’s western region number 221 properties, a decrease of just over 13% from the same two-month period of last year.