Home sales were down in Huron Perth in July as prices for a dwelling went up.
The Huron Perth Association of Realtors reported 167 units sold last month, a decrease of 43 compared to June.
The overall MLS HPI composite benchmark price was $582,600 in July, up over $12,000 compared to June.
“Sales activity was showing promising signs of a rebound in the two months prior to July but fell back to more subdued levels," said Bob Heimpel, president of the association in a release. “The resurgence in new supply coming back to the market has not materialized at this point and that’s a key ingredient that we’re missing to the overall recovery in our market. Benchmark prices are on their way back up but will likely not touch the records of last year any time soon."
On a year-to-date basis, home sales have decreased by 9.4 per cent over the first seven months, compared to the same period in 2022.
