Norfolk County January Statistics
The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
"Norfolk County continues to exhibit resilience, with a month-over-month increase in sales and prices holding better than other areas year-over-year. This positive activity reflects the unique appeal of Norfolk County and the valuable role of local REALTORS® in navigating its dynamic market conditions.” - Bill Duce, Cornerstone CEO
Norfolk Area Highlights:
Norfolk County home sales increased 21.05% month-over-month.
The number of newly listed properties decreased 12.3% on a month-over-month basis.
The MLS® Home Price Index (HPI) dipped 0.5% month-over-month and declined 2.8% on a year-over-year basis.
The supply of inventory across the market increased 10.5% on a year-over-year basis, resulting in a 5.4-month supply of all property types by the end of February.
For more information https://cornerstone.inc/housing-market-statistics/
BOARD & ASSOCIATION INFORMATION
ABOUT CORNERSTONE Cornerstone Association of REALTORS® (Cornerstone) is a not-for-profit organization with over 325 years of collective service from its founding associations. Established on July 1, 2024, Cornerstone leads with purpose, advocates boldly, and creates positive change for the success of our members throughout Mississauga, Burlington, Hamilton, Waterloo Region, Niagara North, Haldimand County, Norfolk County, and surrounding areas. With nearly 8,000 members, Cornerstone is the second-largest REALTOR® association in Ontario, dedicated to promoting the greater good of the real estate community.
For more information,
please contact:__
Phone: (519) 426-4454
communications@cornerstone.inc
Julie Sergi
