Residential property sales recorded through the
MLS® System of the Parry Sound Real Estate Board numbered 29
units in November. This was unchanged from a very strong
November in 2010, but marked an improvement from activity in
recent months.
Some 405 homes have traded hands so far this year,
on par with in the first 11 months of
2010.
“Last year we saw a big jump in activity from
October to November, and we’ve seen that happen again this
year,” said Kelly Purcell, President of the Parry Sound & Area
Association of REALTORS®. “That’s why, for the second month in a row,
housing demand matched levels from the same period last year.
While this would seem to indicate stability, it’s actually a
story about improving momentum.”
The average price of homes sold in November 2011
was $337,914. This was a year-over-year increase of 16 per
cent.
New residential listings numbered 67 units in
November 2011. This was a 46 per cent jump from last
November.
Active listings have generally been trending upward
since the beginning of the year. There were 419 active
residential listings on the Board’s MLS® System at the end of
November 2011, rising 21 per cent from the same time last
year.
There were 14.5 months of inventory at the end of
November 2011 on a seasonally adjusted basis. This was well
below the 18 months at the end of October. 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.
The Parry Sound & Areas Association of REALTORS® is committed to a
high standard of business practice, strong business ethics,
and continuing education development that assists REALTORS® in
effectively serving the real estate needs of the community.
With approximately 100 Members, its REALTORS® service a
large geographical area, extending from the French
River to the north, southerly to Go Home Lake Road,
easterly to the Highway 11 corridor, and westerly which
includes the shores of Georgian
Bay.
