HOW’S THE MARKET? – February 2024

March 1, 2024

Sales have been holding steady compared to last year with a total of 20 sales in February 2024, this is the same as it was in February 2023, but we’ve seen a dip from the peak in February 2022 when there were a total of 42 sales in February that year. On the bright side, there’s more inventory available, giving buyers more options to consider. However, the average sold price has dipped a bit compared to last year.

Compared with last year the number of active listings (homes for sale) at the end of February was up at 178, but the average sold price was down at $741,425 compared to 158 active listings in February 2023 and an average sold price of $821,050.  

Here’s a quick breakdown of the stats in our area:

In Grey Highlands  there were 57 active listings and an average sold price of $835,571 compared with 42 active listings in February 2023 with an average sold price of $841,250. 

In West Grey there were 65 active listings and an average sold price of $782,700 compared with 57 active listings in February 2023 with an average sold price of $767,429.

In Chatsworth there were 23 active listings and an average sold price of $609,750 compared with 26 active listings in February 2023 with an average sold price of $908,750.

In Southgate there were 33 active listings and an average sold price of $656,750 compared with 33 active listings in February 2023 with an average sold price of $809,800.

All my stats come from the local real estate board and are for residential listings in Grey Highlands, West Grey, Chatsworth Twp and Southgate.

 To find out more on how your area’s Real Estate Market is doing, take a look below:  

 Click on each image to enlarge

Here’s a breakdown to compare the total numbers for the past 6 months: