Despite home sales being down considerably last month from November of last year the Quinte and District Association of Realtors maintains the local market is stabilizing in that November’s sales numbers were basically around where they should be.
Two hundred and eighteen homes were sold last month, down almost 25% from 2021 but sales were just 7% below the five year average. The average price of a home sold in the Quinte region in November was almost $616,000, down a little from the same month last year. The benchmark price, the one in which half of the homes sold were priced higher and half lower was just over $536,000, down almost 7% from last year but the benchmark price for condos, at $532,000, was 11% higher.
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