Cobourg House Prices Steady

In June, house prices in Cobourg stayed close to their record highs – despite talk of a housing price bubble which would suggest a drop.  According to the Northumberland Hills Association of Realtors, the average sale price of a house in the area in June was $849,437.  (Note that Northumberland Hills includes Port Hope, Hamilton and Cramahe as well as Cobourg).  Only 130 units were sold in the area, down 14.5% from June 2020 although this volume  is 12.1% above the five-year average.  Year to date, home sales totaled a record 749 units – this is up by 36.4% from the same period in 2020.  The graph below compares the trend with prices in the GTA and it’s clear that… Read complete articleCobourg House Prices Steady