Ben Sage, Moving Woodstock
Woodstock Market Report – January 2013 Edition
Home sales continue to improve in January
Woodstock, Ont. – Home sales recorded through the MLS® System of the Woodstock-Ingersoll and District Real Estate Board numbered 70 units in January 2013. This was up 19 per cent from January 2012.
“Resale housing demand was surprisingly strong in January, with activity jumping back above both the five and 10-year averages for the month,” said William Cattle, President of the Woodstock-Ingersoll & District Real Estate Board. “To put it in historical perspective, home sales in the region have only ever topped 70 units in the month of January a handful of times, and they’ve never cracked 80, so this January’s 70 sales was a pretty solid result, particularly given some of the weakness we saw last year.”
The average price of homes sold in January 2013 was $218,108, up one per cent on a year-over-year basis.
New listings numbered 166 units in January 2013, up 18 per cent from January 2012.
There were 494 active residential listings on the Board’s MLS® System at the end of January 2013, a decline of five per cent from levels at the end of January 2012.
There were 7.1 months of inventory at the end of January 2013. This was down from 8.8 months at the end of January 2012, 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 current inventories at the current rate of sales activity.
The dollar value of all residential property sales amounted to $15.3 million in January 2013, up 20 per cent from levels recorded a year earlier.
Sales of all property types numbered 77 units in January, up 26 per cent from the same month in 2012. The total value of all properties sold was $17.2 million, up 30 per cent from January 2012.
I have been successful helping clients buy, sell, or lease residential, commercial, or investment properties in the Woodstock, Ontario area since August of 2007. With technical experience ... Read More...