Average home prices in Grey Bruce in January were just over $756,000, a year-over-year jump of 39.7 per cent.
RAGBOS notes the MLS Home Price Index is a more advanced and accurate tool to gauge a neighbourhood’s home price levels and trends.
Using the MLS Home Price Index, the composite benchmark for Grey Bruce was $555,300 in January, an increase of 31.1 per cent over the same month last year.
RAGBOS explains active listings at the end of January 2022 are at the lowest levels for the month in more than three decades, with only 257 residential units available for sale.
RAGBOS says months of inventory numbered 1.4 at the end of January, well below the long-run average of 7.8 months for this time of year.