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 continues to show steady spring activity, with both sales and new listings trending higher month-over-month. A modest HPI gain of 0.6 per cent signals price stability, and although year-over-year adjustments persist, the gap continues to narrow. With inventory climbing to a 7.3-month supply, buyers in Norfolk County have many options to consider, making this an appealing market for those looking to take their time and find the right fit. For sellers, the continued uptick in sales activity is encouraging as we progress through the spring market.” - Bill Duce, Cornerstone CEO

Norfolk Area Highlights:

• Norfolk County home sales increased 7.0% month-over-month.

• The number of newly listed properties increased by 5.0% on a month-over-month basis.

• The MLS® Home Price Index (HPI) increased by 0.6% month-over-month and declined 3.8% on a year-over-year basis.

• The supply of inventory across the market increased by 13.4% on a year-over-year basis, resulting in a 7.3-month supply of all property types by the end of April.

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