Home Shoreline News Home Sales in Grey Bruce Owen Sound saw 22.8% increase in Number...

Home Sales in Grey Bruce Owen Sound saw 22.8% increase in Number of Sales but Values Fall

A total of 291 units were transacted with this sitting 8.8& below the 5-year average and 13% below the 10-year-average for June.

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The Realtors Association of Grey Bruce Owen Sound has released the numbers from June and they show an increase of 22.8% in the number of homes sold through MLS versus the same period last year.

A total of 291 units were transacted with this sitting 8.8% below the 5-year average and 13% below the 10-year-average for June.

The MLS Home Price Index had the benchmark of a home sitting at $567,600, which is a decrease of 11.3% versus values last year.

The benchmark price of single-family home saw a similar decrease dropping 11.2% year-over year.

It sat at $574,700.

Townhouse/row units saw a steeper decline falling 16.6% as compared to last year, while apartments fell just 4.7% from year-ago levels to sit at $349,200.

The average price of a home sold in June 2023 was $681,817.

This is just a 1% decline from June 2022.

The total value of homes sold last month was $198.4 million dollars.

This is a 21.5% jump from 2022.