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Glut of Homes Slow May Sales
Summary by 96.1 Renfrew Today
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Glut of Homes Slow May Sales
Home sales plummeted in May versus last year locally. The 196 units sold by the Renfrew County Real Estate Board were off 7.1 percent versus May 2023- and the ratio is even greater when compared with five and ten-year averages. But on a year-to-date basis, home sales totaled 651 units over the first five months of 2024, an increase of 12.2% from the same period in 2023. The average price of homes sold last month was $491,071, a gain of 5% from M…
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