Kawartha Lakes home sales post average January
Residential home sales recorded through the MLS® system for the Kawartha Lakes Real Estate Association Inc. totaled 63 units in January 2020. This edged down 3.1% (two sales) from January 2019 and also stood very close to both the five and 10-year averages for that month.
There were 105 new residential listings in January 2020, down 24.5% on a year-over-year basis.
Overall supply is also historically low. Active residential listings numbered just 254 units at the end of January, a decrease of 12.1% from the end of January 2019.
Months of inventory numbered 4 at the end of January 2020, down from the 4.4 months recorded at the end of January 2019 and below the 10-year average of 6.5 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.
BOARD & ASSOCIATION INFORMATION
Serving the City of Kawartha Lakes since 1958, the Kawartha Lakes Real Estate Association Inc. supports its REALTOR® members with a local Multiple Listing Service®, ongoing professional education and an effective government relations program. Our REALTOR® members are actively supporting our local charities, offer the highest level of service and have agreed to abide by a strict professional Code of Ethics.