The REALTORS® Association of Grey Bruce Owen Sound reported MLS® home sales moderated to more normal levels in October.
The number of homes sold totaled 301 units in October 2021. This was a substantial decline of 21% from October 2020.
Home sales were 3.5% below the five-year average and 6.2% above the 10-year average for the month of October.
The MLS® Home Price Index composite benchmark price was $526,600 in October 2021, an advance of 32% compared to October 2020.
The number of new listings saw a substantial decline of 12.9% from October 2020.
There were 291 new residential listings in October 2021. This was the lowest number of new listings added in the month of October in more than 15 years.
New listings were 12.6% below the five-year average and 14.5% below the 10-year average for the month of October.
Active residential listings numbered 452 units on the market at the end of October, a decline of 7% from the end of October 2020. Active listings haven't been this low in the month of October in more than three decades.
Active listings were 39% below the five-year average and 66.5% below the 10-year average for the month of October.
