Owen Sound, ON experiencing a buyer’s market

“Year over year there was a slight increase in the median sale price in Owen Sound as it went from $222,957 in August 2014 to $243,864 in August 2015. Currently we have a buyer’s market in place with an ample supply of inventory of homes in the marketplace (2,555 in July and 2,495 in August). As a result through the months of July and August there was no change in the number of homes sold (262) and the average days on market continued to range between 30-120 days.“

Arlene Brown, Owen Sound, ON - Solidifi EXTRAORDINARY APPRAISER