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Ben Sage, Moving Woodstock

Woodstock Market Report – October 2012 Edition

Posted on November 17, 2012 by Ben Sage in Woodstock Ontario Real Estate Stats

HOME SALES UP IN OCTOBER

 

Woodstock, Ont. – Home sales recorded through the MLS® System of the Woodstock-Ingersoll and District Real Estate Board came in above year-ago levels in October 2012.

 

Home sales numbered 85 units in October 2012, rising 12 per cent from October 2011.

 

“October actually marked the first year-over-year increase in activity in 11 months,” said Lori Goldhawk, President of the Woodstock-Ingersoll & District Real Estate Board. “On the price side, year-over-year gains are slowing. The average selling price in October 2012 came in just $250.00 above the average price last October.”

 

The average price of homes sold in October 2012 was $228,527, edging up one tenth of one percent from year-ago levels.

 

New listings numbered 150 units in October 2012, up 11 per cent from October 2011.

 

There were 530 active residential listings on the Board’s MLS® System at the end of October 2012. This was a decline of nine per cent from levels at the end of October 2011. Overall supply levels have generally been trending downward since mid-2009.

 

There were 6.2 months of inventory at the end of October 2012. This is down from 7.6 months at the end of October 2011, and also stands below the long-run average for this time of the year. The number of months of inventory is the number of months it would take to sell the current inventories at the current rate of sales activity.

 

The dollar value of all residential property sales amounted to $19.4 million in October 2012, rising 12 per cent from levels recorded a year earlier.

 

Sales of all property types numbered 90 units in October, rising 14 per cent from the same month in 2011. The total value of all properties sold was $21.4 million, an increase of 14 per cent from October 2011.

 

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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