We’re reaching the end of the summer and I have a market update for you. The July real estate numbers are in for The Barrie & District Real Estate Board.
July was a ‘Boomer’ of a month! Sales were up 19.1% over July of 2012 and this is the first time this year that sales are ahead of 2012 on a year to date basis.
The average home price continues to increase at a rate of 5.2% over last year. Supply of homes that are being listed continues to be less than previous years, which is the single biggest factor for the increase for the average home price.
All indicators tell me that the general real estate performance will continue through to the end of 2013 and I think we should all be encouraged by this.