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 83 units in September 2017, falling 28.4% from a year earlier. While this was still well below average for the month, it did mark an improvement over the 36.8% drop recorded in August.
Year-to-date home sales numbered a record 1,283 units over the first nine months of 2017, up 10.1% from the same period last year. This still leads all other years on record.
“Home sales in September mirrored what happened in Toronto last month, namely a bounce off the bottom that may indicate buyers are starting to move back off the sidelines,” said Lesley Michie, President of the Woodstock-Ingersoll & District Real Estate Board. “Of course, one month does not make a trend, so we’ll have to wait and see how things play out over the last three months of the year.”
The average price of homes sold in September 2017 was $338,368, rising 20% from September 2016. The year-to-date average price was $342,419, up a similar 21.2% compared to the same month last year.
New listings numbered 144 units in September 2017, down 7.1% from September 2016.