Home prices and sales may be on the rise again nationally, but that’s not the case locally.
125 homes were sold through the MLS System of the North Bay and Area Realtors Association.
That’s down 6% year-over-year.
Year to date, sales are down over 27%.
The average price of homes sold last month was $468,000, a drop of 4.6% from May 2022.
Year to date the average price of a home in our area is down nearly 12 percent compared to the first five months of last year.
According to the Canadian Real Estate Association home sales were up 5.1% across the country last month.
The average price of a home was $729,000, an increase of 3.2% from May of last year.
**With files from Wendy Gray
