According to the Canadian Real Estate Association's statistics, a new record was set for the month of July, with the dollar value of all homes sold hitting $63.6 million.
This marks a significant gain of 46.9 per cent from the year previous.
CREA is also reporting the lowest number of new listings added in the month of July in a decade.
In July 2021:
- 239 residential units were sold
- $266,159 was the average price of homes sold
- 245 new residential listings were posted
To compare, in July 2020:
- 221 residential units were sold
- $191,297 was the average price of homes sold
- 238 new residential listings were posted
In June 2021:
- 250 residential units were sold
- $286,088 was the average price of homes sold
- 318 new residential listings were posted
To compare, in June 2020:
- 208 residential units were sold
- $210,824 was the average price of homes sold
- 292 new residential listings were posted
For more information on the Sault Ste. Marie real estate statistics for the month of July, click here.