The summer slow down is following its typical pattern that we saw before COVID. Traditionally July and August are slow months for the local real estate market and the higher interest rates are scaring off cottage buyers.
August saw 24 new listings in Saugeen Shores (July had 35 new listings), which brings us to 119 Active Listings. 28 homes sold, which is similar to July’s number of homes sold of 29.
The average sale price in Saugeen Shores for August was nearly the same from July ($666,706).
Saugeen Shores is on par with what is happening in the Real Estate Market in all of Grey and Bruce Counties with the average sales prices and days on the market very close.
We are looking forward to seeing the Fall Market pick up as the Bank of Canada has decided to hold interest rates for now. Bring on the Buyers!
If you’re thinking of Buying or Selling this year, contact us soon so we can get the process started for you!