If you are planning to buy a home in Grey Highlands or Meaford, a real estate expert says now would be a good time to begin ‘house hunting.’
Kevin Woolham says home sales across the southern Georgian Bay are still running at near record highs. At the same time, the supply of homes still on the market has fallen to a near record low.
“As a result,” says the president of the Southern Georgian Bay Association of Realtors, “the (real estate) market is historically very ‘tight.’”
Woolham went on to say this means that home prices will likely to rise come spring and summer.
Last month, Woolham said, realtors across the southern Georgian Bay region sold 154 properties. “This was the best start to any year since 2002.”
This left the supply of unsold properties at the end of January 2016, however, at a decade low.
Woolham said that on January 31, there were 860 residential listings still active on the Association’s MLS® system.
This was a decline of almost 40 per cent from the low at the end of January 2015.
