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Home sales decline in September locally

Last month saw the lowest level of home sales for a September locally in over two decades.  

That from the North Bay Real Estate Board, which also serves The Municipality of West Nipissing.

The board says the 82 units sold through the MLS system were down nearly 33% compared to September last year. 

Year-to-date, home sales total 966, which is down just over 23%.  

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The board does say average prices are still up, though. 

The average price of homes sold in September 2022 was just under $420,000, an increase of 3.9% from September 2021.   

Year-to-date, the average price was over $474,000.  

That’s up by 22% compared to the same time frame in 2021. 

Across the country, home sales continued to slow last month.  

The Canadian Real Estate Association says sales in September were down 3.9% compared with August. 

The actual national average home price was $640,479 in September, down 6.6% compared with the same month last year. 

**With files from Casey Kenny

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