Renfrew County home sales up year-over-year in January
Residential sales activity recorded in Renfrew County totaled 74 units in January 2020. This was up 8.8% (six sales) from January 2019 and stood among the better months of January on record.
The average price of homes sold in January 2020 was $241,899. This was little changed from January 2019, edging down just 0.8%. This is likely an aberration at a quiet time of year. Prices have generally been climbing in recent years.
There were 147 new residential listings in January 2020, up 2.1% (three listings) on a year-over-year basis but well below the same month in the previous eight years.
Active residential listings numbered just 436 units at the end of January, plunging 24% from the end of January 2019. This was the lowest overall supply for the month in a decade.
Months of inventory numbered 5.9 at the end of January 2020, down from the 8.4 months recorded at the end of January 2019 and below the long-run average of 10.5 months for this time of 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 home sales in January 2020 was $17.9 million, up 7.9% from the same month in 2019.
Sales of all property types numbered 91 units in January 2020, an increase of 19.7% (15 sales) from January 2019. The total value of all properties sold was $20.7 million, rising 18.4% from January 2019.
BOARD & ASSOCIATION INFORMATION
Our mission is to provide leadership and support to the members of the Renfrew County Real Estate Board in their pursuit of professional excellence.
The Renfrew County Real Estate Board (RCREB) was formed in 1975 and is a trade association with approximately 150 registered Brokers and Salesperson members in Renfrew County. Members of the Board are also members of the Canadian Real Estate Association (CREA) and the Ontario Real Estate Association (OREA) and as such are entitled to use the REALTOR® trademark.
RENFREW COUNTY REAL ESTATE BOARD
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Pembroke, ON K8A 3J6