This is what “The Canadian Real Estate Association, in co-operation with the Woodstock-Ingersoll & District Real Estate Board ” is saying
Residential sales activity recorded through the MLS® System of the Woodstock-Ingersoll and District Real Estate Board numbered 133 units in October 2017. While this was down 7.6% from a year earlier, it was still the second best month of October on record. The single digit decline compared to last year’s record level marks a significant rebound from just a couple of months ago.
Year-to-date home sales numbered a record 1,544 units over the first ten months of 2017, up 11.3% from the same period last year. This leads all years on record.
“Home sales have rebounded very strongly over the past two months following a brief slowdown,” said Lesley Michie, President of the Woodstock-Ingersoll & District Real Estate Board. “If you look at the numbers adjusted to account for normal seasonal patterns, sales in October were almost 60% from a quiet month of August.”
The average price of homes sold in October 2017 was $334,135, rising 6.5% from October 2016. The year-to-date average price was $339,198, up 19% compared to the first ten months of 2016.
New listings numbered 121 units in October 2017, down 21.9% from October 2016. This was the lowest number of new listings on record for the month of October.