Kawartha Lakes real estate: best April sales figure ever reported

Kawartha Lakes real estate: best April sales figure ever reported

Home sales recorded through the MLS® System of the Kawartha Lakes Real Estate Association Inc. came in well above year-ago levels in April 2015.

Residential sales numbered 171 units in April 2015, jumping 52.7 per cent from April 2014. This was the best April sales figure ever reported.

On a year-to-date basis home sales were running 31.4 per cent ahead of the first four months of 2014. This was the best figure for the period since 2007.

New residential listings on the Association’s MLS® System totalled 317 units in April 2015, up 10.5 per cent on a year-over-year basis. This was the highest level of new supply for the month of April in more than 15 years.

There were 610 active residential listings on the Association’s MLS® System at the end of April 2015, down 6.0 per cent from April 2014.

There were 3.6 months of inventory at the end of April 2015, down from 5.8 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.

(Source: Canadian Real Estate Association)