CORNWALL – The Cornwall and area real estate market continued to smash records in April.
The Cornwall and District Real Estate Board says there were 201 homes sold for nearly $72 million – more than double the number of homes sold in April last year.
In the first four months of this year, 615 homes have changed hands – an 80 per cent increase from the same period last year.
Board President Troy Vaillancourt says the market has been buoyed by a “sustained increase in new listings” in recent months, even though inventory is razor thin with less than a month of inventory available based on the current sales pace.
The average home sale price in April was $357,525 and during the first four months it was $354,613 – nearly 47 per cent higher than the first four months of 2020.
When the April report was released, May was already setting up to be a record month as well.
The board covers Cornwall, Stormont and Glengarry Counties, part of Dundas County and Prescott County (of Prescott-Russell).