A weakening economy has led to a weaker real estate market in the Quinte region.
Statistics released by the Quinte and District Real Estate board show dollar sales decreasing in February by almost 30 percent from the year before, to a total of just over 24 million dollars for the month.
Meanwhile, the average purchase price of a home in Quinte has gone down by 12 percent, to 180 thousand dollars.
However, Roy Millar, President of the board, says optimism is returning to the market, because of very low interest rates, lower prices, and the arrival of spring.
