Area home sales down year-over-year in July

A decline in home sales continued in July in our area.  

The North Bay and Area Realtors Association says 108 units were sold through the MLS® System, down just over 12% from July last year.   

A similar trend was seen in June while the nearly 600 homes sold through the first seven months of the year is down nearly 6% from the same period last year.  

One area that’s up, by nearly 7%, is the year-to-date average price of a home.   

It was nearly $467,000 through the first seven months of the year.   

Dollar value was also on the rise with the $53.2 million value of all home sales last month up about 5% from July 2023.  

The association says the number of active residential listings (308) hasn’t been this high in the month of July in five years.  

The post Area home sales down year-over-year in July appeared first on My North Bay Now.