The number of homes sold in our region last month was up slightly compared to a year ago.
That’s according to the Huron Perth Association of Realtors who says there were 139 units sold in March, up by 1.5 per cent from March 2023.
On a year-to-date basis, home sales totaled 363 units over the first three months of the year. This was an increase of 15.6% from the same period in 2023.
“Sales activity remained at the same levels as last year, while new listings rebounded to above-average levels in March,” said Teresa Ondrejicka, President of the Huron Perth Association of Realtors. “While buyers appear to remain cautious, perhaps running out the clock until the first interest rate cut appears on the horizon, sellers have been less patient and are raring to go this spring. Our market is well supplied but not oversupplied at the moment, so once buyers decide to get off the sidelines they will find that there is plenty of choice waiting for them.”
The average price of homes sold in March 2024 was $579,971, a slight reduction of 0.3% from March 2023.
