Residential sales activity recorded through the MLS® System of the Woodstock-Ingersoll and District Real Estate Board numbered 129 units in July 2017, edging down just 1.5% (two sales) from a year earlier. This stood almost 15% above the 10-year average for the month.
Year-to-date home sales numbered a record 1,109 units over the first seven months of 2017, up 22.5% from the same period last year.
“The story so far this summer is that sales are still going very strong, just not as strong as they were over the record-smashing first five months of the year,” said Lesley Michie, President of the Woodstock-Ingersoll & District Real Estate Board. “Overall supply levels have ticked slightly higher from record-lows a few months ago, but the market still very much in favour of sellers at this point.”
The average price of homes sold in July 2017 was $333,591, rising 10.5% from July 2016. The year-to-date average price was $344,209, up 23.6% compared to the same month last year.
New listings numbered 161 units in July 2017, up 22% from July 2016.
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