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 stand out as a resilient market in our region, showing positive year-over-year price performance. The 15.2% monthly increase in sales activity in January is a positive sign after three previous months of decline. In this evolving market landscape, working with a local REALTOR® who understands the unique characteristics of Norfolk’s communities can make all the difference in achieving successful outcomes for both buyers and sellers.” - Bill Duce, Cornerstone CEO

Norfolk Area Highlights:

• Norfolk County home sales increased 15.2% month-over-month.

• The number of newly listed properties increased 97.4% on a month-over-month basis.

• The MLS® Home Price Index (HPI) dipped 0.4% month-over-month and 0.5% on a year-over-year basis.

• The supply of inventory across the market increased 30.0% on a year-over-year basis, resulting in a 5.2-month supply of all property types by the end January