Home buyers have lots to choose from in the Grey Bruce region.
The Realtors Association of Grey Bruce Owen Sound reported new listings increased 19.3 percent last month, from February 2023. There were 352 new residential listings in February 2024. This was the largest number of new listings added in the month of February in more than a decade.
New listings were 23.2 percent above the five-year average and 27.9 percent above the 10-year average for the month of February. Active residential listings numbered 965 units on the market at the end of February, a sizeable gain of 19.4 percent from the end of February 2023.
However, the number of homes sold in February was down year-over-year, with 148 units changing hands. This was a decrease of 5.7 percent or nine sales from February 2023.
The MLS Home Price Index (HPI) composite benchmark price was $548,100 in February 2024, a small gain of 2.5 percent compared to February 2023. The more comprehensive year-to-date average price was $639,782, a gain of 5.9 percent from the first two months of 2023.
The dollar value of all home sales in February 2024 was $91.7 million, down by 8.1 percent from the same month in 2023.