Cornerstone Association of REALTORS - Norfolk County

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’s sales rose by nearly 45 per cent month-over-month, alongside a surge in new listings from February. The market is showing resilience with only a modest 1.2 per cent monthly HPI adjustment, which is in line with many other areas but on a year-over-year basis, Norfolk is outperforming neighbouring regions with a lesser price gap. At a 6.0-month supply, there is a good selection of homes available for buyers, along with relatively stable pricing, which makes it an attractive market for both buyers and sellers.”- Bill Duce, Cornerstone CEO

Norfolk Area Highlights:

• Norfolk County home sales increased 44.9% month-over-month.

• The number of newly listed properties increased by 74.6% on a month-over-month basis.

• The MLS® Home Price Index (HPI) dipped by 1.2% month-over-month and declined 4.4% on a year-over-year basis.

• The supply of inventory across the market increased by 0.9% on a year-over-year basis, resulting in a 6.0-month supply of all property types by the end of March.

For more information https://cornerstone.inc/housing-market-statistics/