Grey Bruce Home Sales Break All-Time Record

Home sales in Grey Bruce Owen Sound have broken an all-time record. Residential sales activity recorded through the Multiple Listing Service show residential sales increased 16.3% year-over-year. 386 units changed hands in May, bringing the total for the year to 1,234 home sales. That is a record for the period, and up 12% from the same time period last year. The average sale price in May was $295,890. which is up 17.6% year-over-year. Meantime, new residential listings in May added up to 593 units, which is down nearly 11% from last year, and at the lowest level for the month of May since 2010. The $114.2 million total value of May sales was up 36%. Active residential listings totaled 823 units at the end of May, down 51.3% from the same time last year. This was the lowest level of overall supply since the late 1980's.