Kawartha Lakes Home Sales Improve from May to June 2018

Residential home sales recorded through the MLS® system for the Kawartha Lakes Real Estate Association Inc. totaled 148 units in June 2018. This was down just 5.7% (nine sales) from June 2017, marking a considerable improvement over the double-digit decline in the previous five months. That said, it remains a quiet market by historical standards.

On a year-to-date basis, home sales totalled 593 units over the first six months of the year. This was a decline of 31% from the same period in 2017.

There were 253 new residential listings in June 2018. This was a decrease of 15.1% on a year-over-year basis.

Overall supply is still running near record lows but is up from the extreme lows seen in 2017. Active residential listings numbered 535 units at the end of June. This was an increase of 17.3% from the end of June 2017 but below every other year.

Months of inventory numbered 3.6 at the end of June 2018, up from the 2.9 months recorded at the end of June 2017 but below the long-run average of 7.3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

(Source Kawartha Lakes Real Estate Association)