Home sales recorded through the MLS® System of the Kawartha Lakes Real Estate Association Inc. came in well above year-ago levels in October 2015.
Residential sales numbered 137 units in October 2015, up 29.2 per cent from October 2014. This was the best October sales figure ever in the region.
On a year-to-date basis home sales were running 20.4 per cent ahead of the first ten months of 2014. Annual sales are on pace to come in well above every other year in history.
New residential listings on the Association’s MLS® System totalled 149 units in October 2015, down 3.2 per cent on a year-over-year basis.
There were 466 active residential listings on the Association’s MLS® System at the end of October 2015, dropping 19 per cent from October 2014.
There were 3.4 months of inventory at the end of October 2015, down from 5.4 months reported at the same time last year and below the long-run average for this time of the 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.