Kawartha Lakes real estate posts best December home sales since 2007

Kawartha Lakes real estate posts best December home sales metrics since 2007

December 2014 Sales Kawartha Lakes Real EstateHome sales recorded through the MLS® System of the Kawartha Lakes Real Estate Association Inc. came in below levels from a year earlier in December 2014.

Residential sales numbered 47 units in December 2014, a decrease of 11.3 per cent compared to December 2013.

On an annual basis home sales totalled 1,309 transactions in 2014. This edged out 2013 by just three sales to reach the highest annual level in seven years.

New residential listings on the Association’s MLS® System totalled 55 units in December 2014, up 17 per cent on a year-over-year basis; however, the decline was simply a reflection of a very quiet December in 2013.

There were 340 active residential listings on the Association’s MLS® System at the end of December 2014, virtually unchanged from to December 2013.

There were 7.2 months of inventory at the end of December 2014, up from 6.4 months reported at the same time last year but well 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