Renfrew County Real Estate Board (RCREB) has released its statistics for last year, revealing a continuation of the upward trend as MLS home sales surpass the record set in 2020. RCREB figures show that the dollar value of all home sales in December 2021 was $48.2 million, up sharply by 35.5 percent from the same month in 2020. This was also a new record for the month of December. The average price of homes sold in December 2021 was $446,606, a significant gain of 36.8 percent from December 2020 while the more comprehensive annual average price was $406,103, an advance of 31.2 percent from all of 2020. This continues the upward trend for area residential sale prices.
Record low levels of residential listings
The number of new listings decreased by 23.2 percent from December 2020. There were 63 new residential listings in December 2021. This was the lowest number of new listings added in the month of December in more than a decade. Active residential listings haven’t been this low in the month of December in more than 15 years.
Source: retrieved from https://creastats.crea.ca/board/renf
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