Renfrew County’s housing market has set another sales record.
The Renfrew County Real Estate Board reported that 187 units were sold in August. This is a ten percent increase of sales over last year and a new record for the month. This comes as the board says that the supply of homes is at the lowest level in a decade. They say there were less than 700 listing of residential units, almost 30% less than this month last year.
The total value of all sales in august was $48.3 million, which is a 20% jump from last august and another record for the county. The total value of all properties sold was recorded at $52.4 Million. The Real Estate Board says that 2019 is on track to be the best year for home sales activity in the region. Housing prices rose slightly to just over $258,000 on average. The Real Estate Board says that 2019 is on track to be the best year for home sales activity in the region.
