The record pace of home sales and average prices set new records in Renfrew County Real Estate Board territory in September.
Residential sales activity totaled 198 units in September, a significant increase of 48.9% from September 2019, and a new sales record for the month.
The average price of homes sold in September 2020 was a record $330,768, higher by 34.5% from September last year and a new pricing record for the third straight month.
Active residential listings numbered 302 units at the end of September; this was a substantial decline of 51.8% from the end of September 2019. Overall inventory hovering at the lowest level in more than 30 years.
A combination of strong demand and low inventory has created an imbalance, driving the market firmly into seller’s territory.
The dollar value of all home sales in September 2020 was $65.5 million, more than double the levels from a year earlier.
