Housing market remains tight in Grey Bruce

Grey Bruce Owen Sound home sales in December increased from the year before.

124 units changed hands in the region, up about 9% from the same month in 2017.

The numbers are in line with the 10-year December average.

Sales for all of 2018 totalled 2,816 units, a 15.6% drop from a strong 2017.

The annual average price was a record $358,239, rising 14.8% from 2017.

New residential listings in the region numbered 123 units in December 2018. While this was an increase of 24.2% on a year-over-year basis, it was still below average for December.

Overall supply remains at record lows. Active residential listings numbered 547 units at the end of December, down 3.5% from the end of December 2017. A more average end-of-year inventory would be about 1,200 listings.

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