Wednesday, 9 May 2012

Real estate sales up 12% in April

Real estate sales in Grey-Bruce are riding a four-month high.

According to the Realtors Association Grey Bruce Owen Sound, home sales numbered 226 in April, up 12% from the same month a year ago, and the highest numbers since 2005.

Sales of all property types in April amounted to 289, up 8% from a year ago.

A total of 671 homes have traded hands so far this year — a pace 21% higher than the first four months of 2011.

The average price of homes sold last month was $229,441 — an 8% increase over the average price a year ago. The dollar value of all the homes sold in April was $51.9 million.

There is still a glut of homes on the market, according to the association. Active residential listings last month totalled 2,056, which is up 18% from April, 2011.


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