Home > Real Estate > Monthly Market Report – January 2020

Wow, we can’t believe we are already half way through February! Where has the time gone? We saw activity in January pick up from last month with increases across the region and are very excited to see where the rest of February will take us.

Looking back, home sales in Grey and Bruce for the month of January were up 22.4% from January of 2019 with 141 units sold and stood just one sale below the record for the month set back in 2007.

There were 202 new listings in Grey Bruce this past month, which is an increase of 14.8% on a year-over-year basis. That said it was still on the low side for this time of the year.

Overall supply remains near record lows, with the total number of Active residential listings at just 620 units at the end of January which is an increase of 4.9% from the end of January 2019.

At the end of January, the months of inventory numbered 4.4, which is down from the 5.2 months recorded at the end of January 2019 and less than half the 10-year average of 10.9 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

VIDEO COMING SOON!

 


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