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Ontario Home Sales Edge Lower in April 2017

Maggie Horne

Maggie Horne is a long term resident of Wellington County, living on a 107 acre farm near Rockwood since 1988...

Maggie Horne is a long term resident of Wellington County, living on a 107 acre farm near Rockwood since 1988...

Feb 22 2 minutes read

Source: https://creastats.crea.ca/orea/


Residential sales activity reported through the MLS® Systems of real estate Boards and Associations in Ontario numbered 24,973 units in April 2017, down 2.2% from a year earlier.


New listings on the MLS® Systems of real estate boards in Ontario numbered 41,089 units in April 2017, an increase of 10.5% from a year earlier.


The provincial average price for homes sold in April 2017 was a record $668,589 rising 24.1% from a year earlier.


There were just 1.6 months of inventory at the end of April 2017, down from 2.0 months from the same time one year ago. 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.

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