Our sluggish housing market is picking up versus this time last year.
The number of homes sold through Renfrew County Real Estate Board totaled 72 units in January 2024; a substantial gain of 33.3% from January last year.
Home sales were 10.2% below the five-year average.
The average price of homes sold last month was $427,594, up by 1.5% from January 2023.
The dollar value of all home sales in January 2024 was $30.8 million.
The number of new listings (totalling 116) was up by 23.4% from January 2023.
New listings were 25% below the 10-year average for the month of January, but 2.1% above the five-year average.
Active residential listings numbered 280 units on the market at the end of January, a gain of 26.7% from the end of January 2023.
Months of inventory numbered 3.9 at the end of January 2024.
By Rick Stow
