Median price up slightly year over year in Owen Sound, ON

“Owen Sound, Ontario will soon have a high-end condominium, called “The Sydenham,” that will target purchasers seeking a luxury residence. This 32-unit development will be located right in the centre of Owen Sound and overlook the Sydenham River. Looking at the stats, the median home price for March versus a year ago was relatively unchanged with March 2015 being $245,290 while March 2014 was $240,587. Comparing the statistics month-to-month, the number of homes sold in March 2015 was up from February; 156 vs. 130. Average-days-on-market didn’t vary much as March was 60-150 days and February was 60-180 days.  Meanwhile, total inventory of homes in the marketplace was up substantially in March to 1,802 vs. 1,587 in February—an increase of 12%.”

Arlene Brown, Owen Sound, ON - Solidifi Featured EXTRAORDINARY APPRAISER