July 27, 2022 3:26pm
The REALTORS® Association of Grey Bruce Owen Sound has reported 232 units sold through the Multiple Listing Service in June 2022. This was a sharp decrease of 40.8% from June 2021.
On a year-to-date basis, home sales totaled 1,437 units over the first six months of the year. This was down sharply by 21.7% from the same period in 2021.
Home sales were 29.3% below the five-year average and 30.4% below the 10-year average for the month of June.
The overall MLS® Home Price Index composite benchmark price was $629,300 in June 2022, a gain of 18.8% compared to June 2021.
The more comprehensive year-to-date average price was $734,964, a sizable gain of 16% from the first six months of 2021.
The number of new listings saw a gain of 15.8% from June 2021. There were 608 new residential listings in June 2022. This was the largest number of new listings added in the month of June in more than five years.
New listings were 16.8% above the five-year average and 9.6% above the 10-year average for the month of June.
Active residential listings numbered 939 units on the market at the end of June, up sharply by 61.9% from the end of June 2021.
Active listings were 5.2% above the five-year average and 39.5% below the 10-year average for the month of June.
