Home Ranch News Housing Sales Rise, Prices Down for August

Housing Sales Rise, Prices Down for August

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Home prices dropped last month with an increase of sales across the region.

The Huron-Perth Association of Realtors say 146 homes were sold last month, a gain of 22.7 per cent from August 2023.

On a year to date basis a total of 1125 homes have been sold, up 3 per cent from the same time in 2023.

The benchmark price of a home was up only 1 per cent at $585,100 with the average price of a home sold last month being $631,100.

As far as new listings, a decline of 6.4 per cent was seen with 234 new listings for August.