Local home sales were up by nine per cent in October compared to the same month last year, according to a media release from the Brantford Regional Real Estate Association.
The association says 157 homes were sold last month. The average price of a home was $246,271, up seven per cent from October 2010.
The total value of homes sold was $38.7 million, up 17 per cent on a year-over-year basis.
"Demand has been running strong since the beginning of the summer and actually strengthened further in October," said Sam Miron, president of the association. "While supply has been keeping up with higher sales for the most part, we are in a borderline sellers' market and that continues to put pressure on prices in the region."
Total real estate sales in Brantford numbered 166 units in October, up 12 per cent from last year. The total value of sales of all property types was $42.5 million, 25 per cent above October 2010 levels.
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