More listings on the local real estate market

There’s a few more homes on the market, and they’re selling for about nine per cent more than last year.

June 2018 monthly dollar sales for all property types in the Quinte area was $105,650,730 – down 2.6 per cent from 2017 but residential sales alone were up two per cent with a month-end number of $96,586,730 for 2018.

The number of residential sales in units sold in June were down 6.5 per cent in 2018, with 301 units sold compared to 322 units in 2017 but Natasha Huizinga, president of the Quinte District Association of Realtors said the average sale price for residential listings increased 9.1 per cent over the same time last year, coming in at $320,886 for 2018 and $294,050 for 2017.

“The recent trend of increased numbers for available residential listings continues for the month of June, with total active residential listings coming in with 805 units in 2018 compared to 752 units for the same period a year ago, reflecting a 7.0 per cent increase,” she said.

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