Home Sale Activity Moderates In October

Woodstock, Ont. –The number of homes sold through the MLS® System of the Woodstock-Ingersoll and District Real Estate Board eased in October 2010 compared to September, but remained well above levels reported this summer.  Home sales numbered 86 units in October 2010, an eight per cent decline from the same month last year. This was a little softer than in September, but remains considerably better than in June, July, and August. Such as, the seasonally adjusted figure edged down seven per cent from

September, but was still 23 per cent above activity in the summer months.  On a year-to-date basis, home sales remain 14 per cent above the same period from 2009, and are running ahead of 2008 levels as well.  “Sales activity has been showing signs of  stabilizing at more normal and sustainable levels, but year-over-year comparisons will continue to be exaggerated due to the rush of demand we saw late last year and earlier this year,” said Lorna Corbett, President of the Woodstock-Ingersoll & District Real Estate Board. “It’s a more relaxed marketplace now, and buyers are in less of a hurry to make decisions, so sellers should consult their REALTOR® on how to best price and present their home to attract purchases.”  The average price of homes sold in October 2010 in the Woodstock-Ingersoll & District Real Estate Board’s trading area was $214,784 rising six per cent on a year-over-year basis.  The dollar value of all residential property sales amounted to 18.5 million in October 2010, edging down two per cent from year-ago levels.  Total sales numbered 88 units in October, a decrease of 12 per cent from the same month last year. The total value of all properties sold was $20.4 million, edging up one per cent from October 2009.

 SOURCE: Woodstock-Ingersoll & District Real Estate Board

Denise Connor

Denise Connor

Sales Representative
CENTURY 21 Heritage House Ltd., Brokerage*
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