Home prices plummeted, sales were flat in January
Eight houses sold in Trent Hills last month, the same as in December, but prices fell to a median of $444,688, down from $627,450, real estate reports show.
Meanwhile, there was lots of activity on the business side with Re Max Hallmark Eastern Realty closing its Front St. office and Century 21 United Realty Inc. renovating and preparing to open an office on Front St. South, next to the Royal LePage ProAlliance Realty Office.
As well, the Allaire–Althouse Solid Rock Real Estate team celebrated their grand re-opening on Jan. 31 with a ribbon cutting.
In January, there were eight detached houses sold in Trent Hills for an average of $487,409 and a median of $444,688. In December, the homes sold for an average of $654,980 and a median of $627,450. In November, seven detached homes and one townhouse sold with an average of $696,975 and a median of $657,450, according to data from the Central Lakes Association of Realtors.
During 2023 in Trent Hills, sales included 188 detached homes, median price $567,000; three condo townhouses, median price $620,000; two townhouses, median $584,950; and two condo apartments, median price $337,500. On average, the places sold for 98 per cent of their listed price in 33 days.
For all of Northumberland in January, 82 homes sold for a median price of $709,097 and an average of $645,750. That was up from 51 homes sold in December with a median price of $679,381 and an average of $610,000.