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Local housing market still hot but average sale prices drop slightly


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Neither Agnew nor Winney foresee a sizeable retreat in pricing in the region going forward. Instead they expect price growth to be more steady than dramatic as we slowly head back towards what were pre-COVID 19 norms.
“There’s still a lot of major infrastructure projects going on that will continue for a few years,” Winney said. “There’s solid economic growth.
“People are still coming here from outside Essex County. Though we don’t think so, we’re still a good value compared to other places in the province.”
Agnew said the sweet spot where half of the 723 home sales were in June was between $499,999 and $699,999. Many buyers have turned from the resale market to new builds to avoid bidding wars, he said. ....

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