Multiple records set in January in this Ontario market

The real estate agents of Grey Bruce Owen Sound and Wellington areas saw a 9% rise in home sales in January.

Members of the Realtors Association of Grey Bruce Owen Sound sold 121 homes last month despite inventory falling to a new record low for this time of year, just 3.9 months down from 6.9 months a year earlier.

There were also record lows for supply - just 470 units at the end of January, down 38.7% from January 2017 – and for new listings, down 35% year-over-year to just 143 units.

The dollar value of all home sales in January 2018 was $39.5 million, up 29.9% from January 2017 and the highest January reading on record.

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