During this time when everyone is at home and wanting to keep up-to-date with what’s going on around us, we are here to share with you timely real estate market statistics. Although our office is currently closed, you can find us active online delivering you content like our 3D virtual tours of our featured listings. Be sure to check them out.
Listen to Karen Cox explain this month’s stats below or check them out below!
Grey County Market Stats
Looking back, home sales in Grey County totaled 311 units last month, a 2.7% increase from February 2020, jumping 27.5% from the same period in 2019.
There were 174 new listings in Grey County in March 2019, which is an increase of 29% from last month, and is the same number of new listings on a year-over-year basis.
Year-to-date the number of days on market has continued to decrease from 80 to 62 days, with only a 7.5% decrease from last month. Homes for sale are spending less time on the market which is normal for this time of year.
Our Local Communities Market Stats
In the Municipality of Grey Highlands there has been a 43% increase in the number of properties listed since last month and a 17.6% increase when compared to March of 2019. Property sales have increased 128.5% from last month and have increased 78% from the same time last year, with the bulk of the sales being in the 3-4 hundred thousand range.
The number of new listings in the Municipality of West Grey is up with a 58% increase from last month, but has decreased 17% from March 2019. The number of properties that sold is up with a 9% increase compared to last month but saw a decrease of 14% compared to the same period last year with the bulk of the sales being in the 2-3 hundred thousand range.
While the Municipality of Chatsworth saw a 37.5% increase in the number of new listings from last month, it is also up 10% compared to March of last year. The number of properties sold is up with a 20% increase from last month and saw a 71% increase compared to March 2019 with the highest number of sales being in the 2-3 and 5-6 hundred thousand ranges.
In the Municipality of Meaford, there was a 56% increase in the number of new listings compared to last month and an increase of 8.7% from March 2019. The number of sales is up 89% from last month and is up just 13% compared to the same period last year, with the highest number of sales being in the 3-4 hundred thousand range.
The Blue Mountains
When looking at the Municipality of the Town of the Blue Mountains, there has been a decrease of 12.7% in the number of new listings compared to February and a 26% increase from March of 2019. The number of sales is down with a 38% decrease from February and saw a 21% increase compared to the same month last year with the highest number of sales being in the 4-6 hundred thousand range.
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