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Bancroft and Area home sales see decline from last year

The housing market in Bancroft has cooled in recent months.

According to the Bancroft and Area listing service, sales were down in June of 2022 from the same month last year. Sales were five percent below the five-year average for the month.

Average home prices have also seen a sharp decline since their peak in early 2022. Prices have dropped from around $850,000 in January to around $600,000 in June. This is still well above the 10-year average.

The number of listings has rebounded as a result of slowing sales, up 27 percent from this time last year.

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