Grey Bruce realtors report fewer sales

Home sales in the Grey-Bruce-Owen Sound fell sharply last month compared to March last year.

The Gray Bruce Owen Sound Association of Realtors reported that 217 condos sold last month, down 19% from March 2022. However, the Real Estate Council said there was an increase in the number of sales at Gray Bruce Owen Sound in March compared to February.

In March 2023, the MLS Home Price Index Composite Benchmark Price is $534,700. This is a 15.5% drop from March 2022. The total value of homes sold last month was $134 million, down 33.7% from a year ago. Meanwhile, the year-to-date average price fell 19.5% year-over-year to $611,490.

The 406 new listings added last month represents a 12.2% increase from March 2022. Active listings were 38.3 percent above the five-year average in March.

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