Home Sales Lower In Grey Bruce

Home sales in Grey Bruce Owen Sound dropped over 20% from the record activity recorded in August 2016.

However, the 285 units that changed hands last month was still the second best August in the last ten years.

Year-to-date sales are still at a record level, with the 2,163 sales representing a 3.6% increase over the same period last year.

The average price of homes sold in August 2017 was over $292,000, which is a 9.6% increase over last year.

Active listings are down more than 40% from last year, and 54% below average.

There were 892 active listings, and properties are selling in an average of three months.