This is what “The Canadian Real Estate Association, in co-operation with the Woodstock-Ingersoll & District Real Estate Board ” is saying
Residential sales activity numbered 98 units in November 2017. While this was down 17.6% from a year earlier, it was still the third best month of November in the past two decades and the fourth best ever.
Year-to-date home sales numbered a record 1,622 units over the first 11 months of 2017, up 9.3% from the same period last year. This leads all other years on record.
“Home sales have remained at strong levels after having rebounded earlier in the fall,” said Lesley Michie, President of the Woodstock-Ingersoll & District Real Estate Board. “With just one month left to go this year, it looks likely that 2017 will set a new annual sales record.”
The average price of homes sold in November 2017 was $353,474, rising 19.4% from November 2016. The year-to-date average price was $341,454, up 18.9% compared to the first eleven months of 2016.
New listings numbered 95 units in November 2017, down 28.6% from November 2016. This was the lowest number of new listings for the month of November since 2002.