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Ben Sage, Moving Woodstock

Woodstock Market Report – September 2012 Edition

Posted on October 24, 2012 by Ben Sage in Woodstock Ontario Real Estate Stats

HOME SALES EDGE HIGHER IN SEPTEMBER

Woodstock, Ont. – Home sales recorded through the MLS® System of
the Woodstock-Ingersoll and District Real Estate Board in September
2012 improved from August, but posted a year-over-year decline from
the near-record month of September last year.

Sales of all property types numbered 99 units in September, down 16
per cent from the same month in 2011. The total value of all properties sold was $22.3
million, a decrease of 15 per cent from September 2011.

Residential sales only, numbered 95 units in September 2012. This was down 16 per
cent from one of the best September sales figures ever in 2011; however, activity has
been improving in recent months.

On a seasonally adjusted basis, sales activity was up four per cent from August to
September. This builds on month-over-month increases in units sold in June, July, and
August.

“Demand has now accelerated for four straight months, which is running counter to
the cooling trend that we’ve been seeing in many other parts of the country,” said Lori
Goldhawk, President of the Woodstock-Ingersoll & District Real Estate Board. “As a
result, activity now stands 20 per cent above the lows back in April and May.”

The average price of homes sold in September 2012 was $215,826, up one and a half
per cent from the same month last year.

New listings numbered 138 units in September 2012, down 25 per cent from September
2011. There were 566 active residential listings on the Board’s MLS® System at the end
of September 2012. This was down five per cent from levels at the end of September
2011.

There were 6.0 months of inventory at the end of September 2012, up from 5.3 months
at the end of September 2011. That said, the market has been tightening up in recent
months, with the months of inventory figure now running about 1.5 months below its
long-run average. The number of months of inventory is the number of months it would

The Woodstock-Ingersoll & District Real Estate Board operates the Multiple Listing
Service® in the region. REALTOR® is a trademark, which identifies real estate
professionals who are members of the Canadian Real Estate Association and, as such,
subscribe to a high standard of professional service and to a strict Code of Ethics.

take to sell current inventories at the current rate of sales activity.

The dollar value of all residential property sales amounted to $20.5 million in September
2012, down 15 per cent from levels recorded a year earlier.

If you wish to view the listings currently on the Woodstock-Ingersoll & District Real
Estate Board, as well as information pertinent to Sellers and Buyers please go to
www.widreb.ca


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