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Home prices continue to rise in Grey Bruce

Residential sales activity in Grey Bruce Owen Sound dropped over 18 per cent last month but remained near the 10-year average for sales.

The Real Estate Association of Grey Bruce Owen Sound said the average price of homes sold in April 2019 was $384,580, up 9.8 per cent from April 2018. Aside from an aberrant reading in August 2018, this was the highest average price on record in the region.

The more comprehensive year-to-date average price was $365,698, up 8.4 per cent from the first four months of 2018.

Overall supply remains near record lows but is beginning to edge slightly higher.

New residential listings in the region numbered 409 units in April 2019, up 5.7 per cent on a year-over-year basis. Even so, this was still below every other April on record with the exception of 1988.

The dollar value of all home sales in April 2019 was $99.6 million, decreasing by 10.6 per cent from the same month in 2018.